Video & Transcript : 'capital assets' :
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CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation Apr 30th, 2025
Transcript Highlights:
- So with the Transit and Intercity Rail Capital Program— With the Transit and Intercity Rail Capital Program
- In the TIRCP— In the TIRCP program, it is a competitive capital program, right?
- In the TIRCP program, it is a competitive capital program, right?
- And to what extent this is both an operations and capital— is the capital in this process, both in operations
- and capital, is the capital in this program more directed towards lowering operation and maintenance
Summary:
The Budget Subcommittee No. 4 hearing focused on the Greenhouse Gas Reduction Fund (GGRF) and cap-and-trade reauthorization, with members and panelists discussing how to balance climate goals, affordability, and legislative oversight. The chair emphasized the hearing as a broad review of past GGRF spending and future options, while the LAO outlined how GGRF revenues are generated, how variable they have been, and the tradeoffs between continuous appropriations and annual budget control. Two academic panelists, Dr. Kyle Meng and Danny Cullen Ward, argued that cap-and-trade remains an effective climate policy, but stressed that future revenue will depend heavily on market design, allowance allocation, and price levels. They also raised the idea that GGRF could be used more directly for affordability, especially by lowering electricity costs, and for targeted investments in technologies that the market would not otherwise support.
Committee members pressed the panelists on where revenues come from, how much has actually been spent, and whether continuous appropriations reduce oversight. CARB staff said more than $33 billion has been generated to date and a little over $11–12 billion has been spent, with the rest committed or in process, and noted that project timelines can be lengthy. Members also asked about ways to lower electricity rates, reduce wildfire-related utility liabilities, and support electrification. The panelists said transportation fuels are the largest source of GGRF revenue, that industrial emitters receive a smaller share of free allowances, and that reducing wildfire liability and investing in grid-scale batteries could help lower costs and speed decarbonization.
Public commenters largely urged the Legislature to preserve or expand continuous appropriations for specific climate programs. Speakers supported funding for nature-based solutions, natural and working lands, urban greening, agricultural climate solutions, waste and composting programs, clean transportation, AB 617 community air protection, clean cars, transit, affordable housing near transit, and dairy digesters. Several groups argued these programs are cost-effective, provide public health and affordability benefits, and should receive dedicated shares of GGRF. Others urged reducing free allowances and using more GGRF revenue to directly lower energy costs for households. No votes were taken during the hearing.
MN
Minnesota 2025-2026 Regular Session
House Environment and Natural Resources Finance and Policy Committee 4/9/26
Environment and Natural Resources Finance and Policy
Transcript Highlights:
- It takes immense grit, capital, and risk to grow a dairy operation today.
- I believe or a statement of net assets.
- It's going to be an asset the bankers are already banking on as credit. But yeah.
- It's going to be an asset the an issue.
- That raises capital, but not operating budgets.
VT
Transcript Highlights:
- 2027 based on continuing concerns about the unlawful use of these kiosks to fraudulently steal the assets
- these kiosks to fraudulently<00:10:31.440><c> steal</c><00:10:31.760><c> the</c><00:10:32.000><c> assets
- </c><00:10:32.399><c> of</c> fraudulently steal the assets of fraudulently steal the assets of consumers
- businesses that cannot meet the credit risk standards of traditional lending lenders or that need capital
- or that need capital in an expedited<00:21:40.320><c> na</c><00:21:40.720><c> manner.
ID
Transcript Highlights:
- There are tight income and asset limits within the bill as well.
- Families can't have more than $500,000 in assets.
- There's immigration enforcement baked into this, work requirements, asset caps.
- Madam Chair, members of the committee, I'm Tremaine Arnold, President of Capital Distributing.
- Capital Distributing is elected to stay away from it.
Committee:
Senate Health and Welfare
HI
Hawaii 2025 Regular Session
ECD Public Hearing - Wed Feb 12, 2025 @ 10:00 AM HST
Economic Development & Technology
Transcript Highlights:
- already as an example and a sample to see what it would do for the animals and provide that fatty asset
- the animals and provide that<00:13:38.920><c> that</c><00:13:39.079><c> fatty</c><00:13:39.480><c> asset
- c><00:13:39.839><c> that</c><00:13:40.000><c> that's</c><00:13:40.199><c> good</c> that that fatty asset
- that that's good that that fatty asset that that's good for<00:13:40.519><c> them</c><00:13:41.160><
- </c> include imported biofuels and capital include imported biofuels and capital funding<00:16:46.800
Committee:
House Economic Development & Technology
Summary:
The Committee on Economic Development and Technology heard testimony on HB 976, a measure related to incentives for renewable fuels, including renewable diesel and sustainable aviation fuel. Supporters said the bill would help close the cost gap between renewable and conventional fuels, strengthen Hawaii’s energy security, support climate goals, and encourage local economic development. Testifiers from Pono Pacific, PAR Hawaii, Hawaiian Electric, Hawaiian Airlines/Alaska Airlines, the Hawaii Department of Transportation, Pacific Biodiesel, Aloha Carbon, and others described ongoing or planned projects, local feedstock development, and potential benefits for agriculture, waste diversion, and emissions reductions.
Several testifiers also discussed proposed amendments. The Hawaii Renewable Fuels Coalition said it wanted to remove the import tax credit, eliminate the aggregate cap increase to avoid additional state funding, and revise local-production language to rely on a carbon-intensity threshold rather than location-based preferences. The Tax Foundation of Hawaii raised technical concerns about the bill’s administration, including prorating credits if the cap is exceeded and the feasibility of a 30-day filing window. Some supporters urged keeping solid waste, including construction and demolition debris, as eligible feedstock, while Energy Justice Network opposed that approach and also urged removing GMO-related language and waste-based feedstocks because of environmental and toxic emissions concerns.
Opposition testimony focused on the bill’s cost and feasibility. Energy Justice Network and Ted Metros argued the measure could become a large subsidy for a refinery and questioned whether Hawaii has enough land and water to produce meaningful quantities of biofuel locally. Metros also criticized the refundable credit structure and said the state should not bear the cost for what he described as a benefit largely tied to tourism and imported fuel. No vote was taken during the portion of the hearing provided; the chair later noted the committee had received 13 testimonies in support, 18 in opposition, and seven comments, and then invited further discussion on cost allocation and lowering caps to broaden participation.
KY
Kentucky 2026 Regular Session
House Legislative Session Day 35 (2-26-26) - Reupload
Kentucky House Floor Meeting
Transcript Highlights:
- We had capital projects that were omitted. Agency requests were not approved and included.
- We had capital<00:07:11.039><c> projects</c><00:07:11.440><c> that</c><00:07:11.680><c> were</c><00:07
- </c> capital projects that were omitted. capital projects that were omitted.
- </c> authorize veterans capital projects authorize veterans capital projects totaling<00:30:12.399><c
- </c><00:33:37.600><c> investments,</c> maintenance and capital investments, maintenance and capital investments
Summary:
The meeting opened with prayer and the Pledge of Allegiance, then moved into committee and floor reports. Several measures received favorable committee reports and were ordered to first reading and placed on the calendar, including Current Resolution 9, Senate Joint Resolution 23, House Bill 145, House Bill 567, and House Bill 506 with House Committee Substitute 1. The chamber also noted that House Bills 500 and 504 had already received two readings and were sent to the Rules Committee before House Bill 500 was brought up for final consideration.
Most of the discussion focused on House Bill 500, the executive branch budget bill. Members described it as a “good first draft” and emphasized a budget process they said was more transparent than in prior years. The bill was presented as a restrained two-year operating budget with spending growth kept at a little under 2% annually, while setting aside about 2% of projected revenues, or roughly $614 million, in the Budget Reserve Trust Fund for future needs. The budget also used base reductions in some areas while exempting others such as Medicaid benefits, SEEK, corrections, behavioral health, and veterans programs.
Subcommittee chairs then outlined major spending areas. Education provisions included a 2% annual increase in base SEEK funding, transportation funding held flat, equalization for recallable nickel funding, continued retirement contributions, and major support for postsecondary access, dual credit, asset preservation, and workforce training. Health and family services provisions held Medicaid steady while adding waiver slots, behavioral health and substance use support, public health investments, and funding for rural health and laboratory capacity. Other sections covered personnel and pensions, veterans services, infrastructure, public safety, economic development, tourism, and environmental projects.
The only recorded action on the floor was adoption of House Committee Substitute 1 to House Bill 500, followed by a motion for final passage of the bill as amended. The transcript ends as discussion on final passage begins, before any final vote is shown.
MA
Massachusetts 2025-2026 Regular Session
Senate Session Jul 6th, 2026
Massachusetts Senate Floor Meeting
Transcript Highlights:
- The House bill authorizes the Division of Capital Asset Management and Maintenance to take by eminent
MA
Massachusetts 2025-2026 Regular Session
Senate Session Jun 21st, 2026 at 11:00 am
Massachusetts Senate Floor Meeting
Transcript Highlights:
- Committee on Ways and Means, to whom was referred the House Bill authorizing the Commissioner of Capital
- Asset Management and Maintenance to convey certain parcel of land in the town of Wellesley, House No
Summary:
The Senate opened with the Pledge of Allegiance and adopted a resolution commending the Transgender Day of Remembrance Planning Committee for its observance of Transgender Day of Remembrance. The chamber then took up several Ways and Means reports on local bills, including legislation authorizing Westford to release agricultural preservation restrictions on land owned by Westford Gateway LLC and authorizing the Commissioner of Capital Asset Management and Maintenance to convey a parcel of land in Wellesley. In both cases, the rules were suspended, the committee amendments were adopted, and each bill was ordered to a third reading.
The Senate also considered a Veterans and Federal Affairs report on a petition by Senators Creem and Peisch to rescind all prior Article 5 Constitutional Convention applications. The committee recommended approval, but Senator Durant moved to postpone the matter until the next session, and it was postponed without objection. Another House bill authorizing Dartmouth to grant an additional off-premises alcohol license was taken up under suspension of the rules and ordered to a third reading.
Later, the Senate passed two bills to be enacted: House No. 2016, as amended, concerning affordable care rentals, and House No. 3912, increasing the membership of the Marblehead Board of Health from three to five members. The Senate also adopted an order to reconvene the following Wednesday at 11:00 a.m. in full formal session with the calendar, and then adjourned.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Nov 18th, 2025 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- You know, if this were in the budget or the capital budget or something, you could make different kinds
- And as you look down the column, you see that different asset classes that we invest in have grown at
- In '26, we have the strategic asset allocation for...
- We have the strategic asset allocation for the pension fund, right?
- LEOFF 1 pension assets are for the benefit of LEOFF 1 retirees and their beneficiaries.
Committee:
Joint Select Committee on Pension Policy
Summary:
The committee approved the October minutes and received an update from the State Investment Board. David Schumacher described the board’s structure, its fiduciary mission to maximize return at prudent risk, the mix of funds it manages, and the factors behind its long-term performance, including broad diversification, low fees, and a long-term investment approach. Members asked about rankings, the board’s independence, climate/ESG considerations, and whether political divestment pressures affect investment decisions; Schumacher said decisions remain grounded in fiduciary duty and financial risk.
The Department of Retirement Systems annual report followed. Director Catherine Leathers reviewed membership, contributions, benefit payments, the Deferred Compensation Program, employer partners, and the economic impact of pension payments across counties and legislative districts. She also highlighted staffing and training needs, improved call wait times and benefit estimate turnaround after legislative funding, cybersecurity upgrades, and the CorePAM pension administration modernization project, which is being paid from the trust fund as an administrative cost. Members asked about inactive accounts, and Leathers said DRS works to locate missing members and return benefits, including through a new link from the Department of Revenue website.
The committee then closed out its study of the Left One system. Staff presented options ranging from no recommendation to recommending either the restatement/termination bill or the merger bill, with or without policy changes. After discussion, the committee first failed to reach 11 votes for a no-recommendation motion, then adopted a revised motion to submit the report without recommending either bill but also to request future analysis that disaggregates policy choices, including COLA-related impacts. The committee next heard a briefing on an ad hoc COLA for PERS/TRS Plan 1 retirees and adopted a motion to send a letter supporting the one-time COLA policy in HB 1474 or a similar Senate bill. Finally, staff briefed the committee on the month-of-death bill, which would end proration of pension payments in the month a retiree dies; no action was taken. Public testimony largely focused on support for an ad hoc or ongoing COLA for Plan 1 retirees, with some speakers urging the committee to back SB 5085 and others emphasizing the need for a bridge policy while a permanent solution is developed.
MN
Transcript Highlights:
- </c> a community asset will be lost for good. a community asset will be lost for good.
- </c><00:48:28.960><c> grounds</c> security outside of the capital grounds security outside of the capital
- </c> Uh the scanners at the at the capital. Uh the scanners at the at the capital.
- </c> these programs is that upfront capital these programs is that upfront capital cost.<01:11:10.760
- </c><01:11:57.040><c> is</c> because of that high upfront capital is because of that high upfront capital
Committee:
House Ways and Means
MN
Transcript Highlights:
- investment, which amounted to 84% of all of our capital investment in Virginia. online<00:25:03.159>
- investment, which amounted to 84% of all of our capital investment in Virginia.
- </c><00:26:20.760><c> investment</c> it was $24 billion in capital investment it was $24 billion in capital
- Yes, high-voltage direct current lines in particular are a very unique asset within Minnesota.
- Minnesota they're a very unique asset in Minnesota they're a very unique asset in which<00:47:07.440>
Committee:
Senate Taxes
Keywords:
tax relief fund, budget surplus, surplus revenue, tax rebate, tax refund, one-time refund, income tax, property tax, constitutional amendment, Minnesota Constitution, general fund, budget reserve, taxpayer relief, state surplus, fiscal forecast, wealthy taxpayers, high-income exclusion, 2026 ballot, referendum, surplus distribution
US
US Federal 2025-2026 Regular Session
Hearings to examine reforming SBIR-STTR for the 21st century. Mar 5th, 2025 at 01:30 pm
Small Business and Entrepreneurship Committee
Transcript Highlights:
- Rothside is a principal at Shield Capital, a venture capital firm focusing on investing in early-stage
- And we must leverage America's private capital markets backing the most innovative ideas.
- Private capital is critical to accelerating the development of next-generation defense tech.
- This ought to be seed capital for the next emerging ideas.
- , you know, how the venture capital market works very well.
Keywords:
SBIR, STTR, Innovate Act, small business, innovation, legislative reforms, economic growth, funding, technology transfer
Summary:
The meeting focused on the Small Business Innovation Research and Small Business Technology Transfer Programs (SBIR-STTR), emphasizing the critical reforms necessary to enhance their effectiveness. Chair Ernst introduced the Innovate Act to streamline processes, ensuring funding is awarded based on merit and addressing existing abuses within the system. The discussion was robust, with numerous members expressing concerns about phase transitions and the need for targeted funding to support impactful technological innovations. The conversation also highlighted the program's importance in fostering economic growth, particularly for small businesses in rural areas, and the urgency for legislative changes as the program's authorization approaches expiration.
CA
California 2025-2026 Regular Session
Senate Energy, Utilities and Communications Committee Mar 17th, 2026
Transcript Highlights:
- ...are not shifted and that existing utility ratepayers are not stuck with the burden of stranded assets
- contract for new incremental zero-carbon energy resources to function as dispatchable reliability assets
- publicly owned facilities, and other utility facilities, including facilities-based telecommunications assets
- There should be safeguards against large electric loads leaving stranded grid assets for the rest of
- hurdle face long-term operating costs from electrification that are... ...the capital hurdle face long-term
Summary:
The committee first heard SB 868, the Plug and Play Solar Act, which would streamline approval for portable plug-in solar devices for homes and apartments. The author and supporters argued the bill would help renters and other Californians lower electric bills, expand access to solar, and create statewide safety standards through UL certification and the National Electrical Code. Opponents, including electrical workers, firefighters, utilities, and PG&E, raised concerns about shock, fire, backfeeding, older electrical systems, and the bill bypassing the California Electrical Code and Building Standards Commission process. After extended discussion and testimony from UL, the author agreed to add California Electrical Code language, and several opponents indicated they would move to neutral; the committee then passed the bill out as amended to the Senate Judiciary Committee on a roll call vote.
The committee then took up SB 886, which would establish rules for large data centers to prevent electricity cost shifts to other ratepayers. The author and supporters said rapid data center growth could drive major grid costs and that the bill would require data centers to pay for their own infrastructure, participate in demand response, and secure new zero-carbon resources. Supporters included environmental and consumer groups, while opponents such as the Data Center Coalition, Silicon Valley Leadership Group, utilities, and business groups argued the bill was unnecessary, could duplicate CPUC proceedings, and might impose operationally risky mandates, especially around demand response and backup power. Committee staff described amendments narrowing the bill to large data centers, clarifying tariff and cost-allocation provisions, replacing behind-the-meter storage with a pre-funded long-term clean energy contract, and exempting certain public and critical facilities; the discussion continued with questions about cost responsibility, clean energy targets, and peak-load management.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Jul 22nd, 2025
Transcript Highlights:
- Around how you're going to approach capital, because I love that you're thinking about it.
- We'll have the capital outlay committee, led by our Chairman Lente, delving deep into this.
- Stuart Lebsie, our Director of HSC Capital Projects.
- To determine how we would finance and capitalize this project.
- Second, we fund a lot of capital for higher education through ballot initiatives.
MA
Massachusetts 2025-2026 Regular Session
Senate Session Jul 6th, 2026
Massachusetts Senate Floor Meeting
Transcript Highlights:
- Paper from the House: The House bill authorizing the Division of Capital Asset Management and Maintenance
Summary:
The Senate met in formal session and took up several local bills on final passage and engrossment. House Bill 4231, relative to parking enforcement in the city of Cambridge, was passed to be enacted and sent to the Governor. The Senate also passed to be engrossed House Bill 4507, authorizing William Pallery to take the civil service examination for firefighter in Arlington despite the maximum age requirement, and House Bill 5098 and House Bill 5342, both authorizing additional alcohol licenses in Salem and Bridgewater, respectively.
The chamber then considered two House bills received from the House: House Bill 5552, releasing certain land use restrictions held by the Commonwealth and the City of Revere, and House Bill 5553, authorizing the Division of Capital Asset Management and Maintenance to take certain land in Norwood by eminent domain. On motion of Senator O'Connor, the rules were suspended in both cases to allow immediate consideration, and each bill was ordered to a third reading.
Finally, the Senate adopted an order to meet again on Thursday at 11:00 a.m. in formal session with the calendar, and then adjourned. No recorded objections or roll-call votes were noted; actions were taken by voice vote and unanimous consent.
MA
Massachusetts 2025-2026 Regular Session
Informal House Session 59 Jun 22nd, 2026
Massachusetts House Floor Meeting
Transcript Highlights:
- Rule 30, the message from Her Excellency the Governor will be referred to the Committee on Bonding, Capital
- Expenditures and State Assets.
Summary:
The House received two gubernatorial messages: one recommending legislation on terms for certain Commonwealth bonds, referred to the Committee on Bonding, Capital Expenditures and State Assets, and another exempting George Petrinos from the maximum retirement age for firefighter service in Dudley, referred to the Committee on Public Service. The Committee on Rules also reported favorably on resolutions commending the Town of Plymouth for its commemoration of the 250th anniversary of the Declaration of Independence, and the House suspended the rules and adopted the resolution.
The House then took up Senate Bill 2577, further regulating parking fines in Scituate. After suspending Rule 7A, the bill was ordered to a third reading. The House also passed to be enacted two engrossed bills: House 4141, authorizing North Adams to appoint retired police officers as special police officers for paid detail assignments, and House 3929, regulating the maximum age for original appointment as a police officer in Worcester.
Later, the House passed to be engrossed Senate Bill 2908, establishing a sick leave bank for Shannon Manning of the Trial Court, Senate Bill 3031, establishing a sick leave bank for Stephanie Rivera of the Worcester County Sheriff's Office, House Bill 4443, changing the maximum age requirement for original appointment as a firefighter or police officer in Haverhill, and House Bill 5379, relating to the transfer of interest in land in West Brookfield. The House adopted an order to adjourn until Wednesday at 11 a.m., and then adjourned to meet then in informal session.
MA
Massachusetts 2025-2026 Regular Session
Informal House Session 59 Jun 22nd, 2026
Massachusetts House Floor Meeting
Transcript Highlights:
- Rule 30, the message from Her Excellency the Governor will be referred to the Committee on Bonding, Capital
- Expenditures and State Assets.
MA
Massachusetts 2025-2026 Regular Session
Informal House Session 10 Jun 21st, 2026 at 11:00 am
Massachusetts House Floor Meeting
Transcript Highlights:
- Rogers and others that the Commissioner of the Division of Capital Asset Management and Maintenance be
Summary:
The House opened with the Pledge of Allegiance and then adopted a resolution congratulating the town of Kingston on its 300th anniversary after suspending the rules. The chamber also recognized the 2025 cheerleading squad captains and coaches for winning the MSAA small co-ed division championship and being named grand champions, as well as the Franklin High School girls’ varsity volleyball team for winning the MIAA Division I championship.
The House received a gubernatorial message submitting fiscal year 2026 supplemental appropriations requests, which was referred to the Committee on Ways and Means. It also suspended Joint Rule 12 to allow consideration of a petition authorizing eminent domain in Norwood, referring that matter to the Committee on State Administration and Regulatory Oversight. The Committee on Steering, Policy and Scheduling then placed several local bills on the calendar, including measures for Plainville, Milford, Westboro, Revere, and Hopedale.
Those local bills were taken up on second reading and ordered to a third reading. The House also considered Senate amendment House 4171, concerning vacancies among town meeting members in Milford; the amendment was reported correctly drawn, the House concurred, and the bill was passed to be enacted. The session ended with adoption of an order to adjourn and the House standing adjourned to meet Monday at 11 a.m. in informal session.
MN
Minnesota 2025-2026 Regular Session
Committee on Agriculture, Veterans, Broadband and Rural Development - 02/05/25
Agriculture, Veterans, Broadband, and Rural Development
Transcript Highlights:
- Marina in the calf barn, and they do a fantastic job of raising calves and have been a tremendous asset
- Marina in the calf barn, and they do a fantastic job of raising calves and have been a tremendous asset
- Marina in the calf barn, and they do a fantastic job of raising calves and have been a tremendous asset
- Marina in the calf barn, and they do a fantastic job of raising calves and have been a tremendous asset
- I know I'm not the only one, so thank you. day here at the capital I hope we I know day here at the capital
NH
New Hampshire 2025 Regular Session
House Science, Technology and Energy (06/10/2025)
Science, Technology and Energy
Transcript Highlights:
- People are becoming more and more aware that they are becoming a valuable power asset.
- They've got assets deployed in Boston.
- They've got assets deployed in Boston.
- </c> future assets to be built off-rid. future assets to be built off-rid.
- Um so um got assets deployed in Boston.
Committee:
House Science, Technology and Energy