Video & Transcript Research : 'nutrient reduction'
Page 98 of 311
TX
Transcript Highlights:
- This bill does not ban the state from creating smarter, locally tailored emissions reduction policies
- In this bill, there are reductions in Tier 2 related to the golden penny increment allotment change,
- and there are reductions in Tier 2 from changes made to the school safety allotment.
- There is no offsetting reduction in the school safety allotment itself.
Summary:
The Senate first adopted a motion to suspend Rule 5.14 and move the intent calendar deadline to 6 p.m. that day. It then took up and passed several bills, often by suspending the regular order of business and the constitutional three-day rule. HB 1866 gave limited Texas peace officer authority to National Park Service law enforcement officers within the San Antonio Missions National Historical Park; HB 4996 increased the penalty for refusing to release a fraudulent lien when the victim is a public servant; and HB 5033 created a trigger mechanism for ending vehicle emissions inspections if federal law changes. HB 1533 made a range of appraisal and property tax procedure changes, HB 2282 raised the arrest warrant reimbursement fee from $50 to $75, HB 3421 updated probate and estates procedures, and HB 4263 revised Texas Juvenile Justice Department grievance procedures. Each of these measures advanced through second reading, third reading, and final passage, with recorded votes generally showing strong support and some opposition on a few bills.
The chamber also considered major policy bills. HB 2, the large public education and school finance package, drew extensive floor discussion and multiple amendments. Senators emphasized its $8.5 billion investment, including teacher and staff pay, school safety funding, special education, charter and traditional school funding changes, and other allotment adjustments. Several senators praised the bill as historic and collaborative, while also noting the need to monitor implementation and future effects. After adopting amendments and hearing supportive remarks from multiple members, the Senate passed HB 2 on final vote, 31-0.
Other debated measures included HB 143, which codified cooperation between the Railroad Commission and the Public Utility Commission to address electrical safety hazards at well sites and related facilities, and CS SB 3074/3070, which allowed limited written communications from the governor, lieutenant governor, and legislators to TCEQ commissioners about permit applications, with disclosure and response requirements. Senator Johnson raised concerns that the TCEQ bill could politicize an apolitical permitting process and potentially affect federal delegation, but the bill was amended and passed 28-3. The Senate also passed HB 4426 on Railroad Commission permits for commercial surface disposal facilities, HB 3161 giving TMRS cities more flexibility on employee contribution rates, and HB 2712 allowing future test years for certain water and sewer utility rate-making, with an amendment to protect ratepayers if projections overcharge them.
At the end of the session, the Senate handled several procedural motions, including re-referring HB 1904 from Criminal Justice to State Affairs and suspending posting rules so committees could meet later that day. The chamber then recessed until 2:00 p.m. Sunday, May 25, 2025, for a local and uncontested calendar, and planned to adjourn until 5:00 p.m. that same day after that calendar concluded.
MN
Minnesota 2025 1st Special Session
House Floor Session-part 2/Joint Convention of the House & Senate/State of the State Address 4/23/25
Minnesota House Floor Meeting
Transcript Highlights:
- This year, I'm proposing an unprecedented tax cut for working people: a reduction in the statewide sales
- <00:41:20.640>
a <00:41:20.960>reduction <00:41:21.359>in cut for working people - . a reduction in cut for working people. a reduction in the<00:41:21.680>
statewide <00:41:22.240
MN
Minnesota 2025-2026 Regular Session
Vets Committee Meeting - 2025-04-02
Veterans and Military Affairs Division
Transcript Highlights:
- a very significant data point, our work has produced notable results. 100% of our clients have a reduction
- Through our purity and post assessments, our clients are reporting a 57% reduction in their depression
- symptoms, a 57% reduction in their anxiety symptoms, and a 58% reduction in their PTSD symptoms.
MN
Minnesota 2025-2026 Regular Session
Environment Committee Meeting - 2025-03-25
Environment and Natural Resources Finance and Policy
Transcript Highlights:
- I want to emphasize that without this increase, Minnesotans will see service reductions.
- I would like to also highlight that the Governor's budget includes several General Fund reductions in
- With General Fund reductions.
- The removal of cadmium from artist paints would result in a minimal reduction in food-related cadmium
FL
Florida 2025 Regular Session
March 25, 2025 - 12:00 PM
Transcript Highlights:
- preemptions on local government restrictions, expedited administrative and judicial processes, impact fee reductions
- She also said another provision that does not fit communities like hers is the mandatory parking reduction
- She said the mandatory parking reduction will not work in her community because they do not have alternate
- She said 80% of residents leave the community to go to work, so the mandated parking reduction will not
Summary:
The committee heard five housing- and resilience-related bills. HB 793 would create an International Aerospace Innovation Fund administered by Space Florida to support aerospace research, workforce development, and commercialization; it was amended with a clarifying change and passed unanimously. C.S. for HB 411 would extend an affordable housing property tax exemption to certain nonprofit projects on leased land through a housing finance authority, such as Habitat for Humanity projects; it also passed unanimously. HB 701 would require local housing assistance plans to allow mobile home owners on leased land to seek help with lot rent, and it passed unanimously after an amendment and testimony from mobile home advocates and AARP in support.
The committee also considered C.S. for HB 393, which expands the My Safe Florida Condominium Pilot Program to help eligible condominiums fund hurricane mitigation projects, including roof-related work, with added eligibility and inspection requirements. The bill drew support from condo and housing groups and passed unanimously with committee substitute. The final and most extensive measure, HB 943, would significantly revise state land-use and development rules to promote affordable housing by limiting local restrictions, changing zoning and approval standards, adjusting parking and impact fee rules, and expanding accessory dwelling unit and mixed-use provisions. It generated extensive testimony, with many local officials, city and county groups, and preservation advocates opposing it as overly broad and preemptive, while housing and business groups supported it.
HB 943 was amended several times during the meeting, including changes related to church-owned property, parking, historic landmarks, manufactured homes as accessory dwelling units, and fair housing language. The sponsor repeatedly said the bill was a work in progress and that additional changes would be made. After debate from members emphasizing both the need for more housing and the need to preserve local control, the committee approved HB 943 on a 14-1 vote, with Rep. Casello voting no.
MN
Minnesota 2025-2026 Regular Session
House/Senate Republican Media Availability 3/6/25
Minnesota House Floor Meeting
Transcript Highlights:
- an excuse of why we can't get the work done on time for Minnesotans with a balanced budget and a reduction
- an excuse of why we can't get the work done on time for Minnesotans with a balanced budget and a reduction
- reduction in the spending so that we can reduction in the spending so that we can go<00:12:05.519>
TX
Transcript Highlights:
- School districts will feel that reduction for sure, and they will experience it, because it's a $1,000
- reduction in- generally flexible spending, because the federal money they got on a one-time basis was
- the previous years. because of that $1.7 billion number that I've given you, is inclusive of the reduction
- So prior to the reduction in shares, it was only about a $1.3 billion annual deficit.
Summary:
The meeting covered various topics, but specific discussions and bills were not detailed in the available transcript. Despite the lack of documented debates or acknowledgments, it was noted that committee members were present, and there may have been attempts to address crucial legislative matters. The dynamics of the meeting suggested a standard procedural gathering where routine insights were likely shared among the attendees.
AL
Alabama 2025 Regular Session
Alabama House Ways and Means Education Committee Apr 22nd, 2025
Ways and Means Education
Transcript Highlights:
- You notice on line 17 the reduction of $16 million from the Department of Commerce.
- Economic and community affairs, you see a reduction of $2 million.
- The reduction of $3.4 million is also part of the $58 million in the raise act. act.
Keywords:
education funding, appropriations, local education boards, school safety, workforce development, Alabama, technology, higher education, career technology centers, public institutions, grants, local education agencies, RAISE Act, student outcomes, public schools, accountability, weighted allocations, special education, English language learners, gifted students
FL
Florida 2026 Regular Session
Children, Families, and Elder Affairs Feb 4th, 2025
Children, Families, and Elder Affairs
Transcript Highlights:
- We feel that once this is accomplished, we'll have a reduction in training.
- We actually have already seen a reduction in to apply for benefits.
- We actually have already seen a reduction in the amount of time it takes for our clients to apply for
Summary:
The Committee on Children, Families, and Elder Affairs received a Department of Children and Families update from CIO Cole Sousa on three major technology modernization efforts: ACCESS, CWIS, and FASMS. For ACCESS, he described the six-year, $205 million project to replace the aging eligibility system used for SNAP, TANF, and Medicaid applications, noting completed releases such as the MyACCESS portal, document management, partner portal, workload management, and client registration modules. He said the system now supports mobile applications, multi-factor authentication, and bot detection, and that the next budget request is $36.625 million to continue moving workers off the mainframe, modernize notices, and complete more worker-portal functions. Members asked about performance data, interoperability with other systems, and the relationship to the FX project and APD; Sousa said API-based real-time exchanges are the goal and that current average case processing time is about 30 days, though he would provide a more exact figure later.
The committee then heard about CWIS, a four-year, $75 million child welfare modernization project. Sousa said phase one is complete, including hotline intake, investigations, mandatory reporter, youth, parent, and mobile portals, along with mobile field tools, e-signatures, and customizable dashboards. Current work is focused on case management, assessment and safety planning, licensure, and placement modules, with collaboration from community-based care providers through advisory sessions. For the next fiscal year, DCF is requesting $28 million and expects to finish development by summer and launch in September, while continuing change management and training. Senators pressed on interoperability with ACCESS, FX, and FASMS, the use of a single unique identifier, and whether CBCs would be required to use the statewide system; Sousa said the department’s goal is one statewide system, with licensing costs absorbed by the state and no plan for dual systems after go-live.
Finally, Sousa gave a brief update on FASMS, the financial and services accountability system used by managing entities. He said it remains in maintenance mode while DCF prioritizes ACCESS and CWIS, and that modernization of FASMS is still being planned with partner agencies. He estimated current maintenance costs at about $1.3 million and suggested a future modernization could cost roughly $5 million to $7 million, though no firm timeline has been set. The committee expressed support for using data and interoperable systems to improve decision-making, and the meeting adjourned without any votes or formal actions beyond adjournment.
NV
Nevada 2025 Regular Session
Senate Committee on Natural Resources May 29th, 2025 at 12:45 pm
Natural Resources
FL
Florida 2025 Regular Session
April 14, 2025 - 02:30 PM
Transcript Highlights:
- The House includes reductions to FTE that are vacant in excess of 90 days.
- This reduction totals 139 FTE and $8.7 million.
Summary:
The Higher Education Budget Subcommittee met with a quorum present for what was described as its final committee meeting of the session. Chair Busatta opened the meeting by outlining the upcoming budget conference process, explaining that the House and Senate had both passed their budget bills and that conference negotiations would begin soon, with the Senate serving as the hosting chamber this year. She reviewed how the conference process works, including side-by-side budget documents, chamber offers, subcommittee negotiations, escalation to the chairs and then to the Speaker and President, and the required 72-hour cooling-off period before final budget passage.
The main discussion focused on the differences between the House and Senate higher education budgets for fiscal year 2025-2026. The chair noted a total $62.5 million difference, with the Senate budget higher overall. Key differences included House reductions for vacant FTE positions, differing approaches to recurring versus nonrecurring funding in financial aid and workforce programs, the Senate’s larger funding level for workforce development capitalization incentive grants, and differing allocations for colleges and universities. In the university budget, the Senate centralized nurse education funding at the University of South Florida’s Center for Nursing and funded several specific initiatives, while the House proposed additional funding for performance-based metrics, faculty recruitment and retention, and tuition waivers. The chair also highlighted a major proviso difference involving the EASE grant, where the House proposed minimum benchmark metrics for institutional eligibility.
No testimony was taken and no votes were held on the budget differences. After the overview and brief explanation of the budget and proviso side-by-side documents, the committee concluded its agenda and adjourned on a motion by Representative Blanco, without objection.
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Apr 29th, 2026
Oklahoma Senate Floor Meeting
Transcript Highlights:
- Do you know what AR 600-8-19 specifically states about reduction in ranks?
- Do you know what AR-600-8-19 specifically states about reduction in ranks?
- So if you can't calculate from there, you could move to the reduction in fair market value.
- Could move to the reduction in fair market value.
- It just says the reduction in fair market value.
Bills:
HB2268, HB3000, HB3043, HB3066, HB3078, HB3143, HB3144, HB3244, HB3298, HB3320, HB3467, HB3321, HB3329, HB3431, HB3464, HB3499, HB3500, HB3586, HB3590, HB3650, HB3671, HB3695, HB3700, HB3701, HB3764, HB3767, HB3834, HB3931, HB3934, HB3940, HB3944, HB3979, HB3985, HB4113, HB4294, HB4302, HB4317, HB4324, HB4359, HB4426, HB4427, HB4430, HB4431, HB4434, HJR1077, SR42, SR35, HJR1023, HB1225, HB1374, HB1381, HB1590, HB1675, HB2153
Keywords:
HB2268, Oklahoma Health Care Authority, OHCA, appropriation, General Revenue Fund, PACE, Programs of All-Inclusive Care for the Elderly, elderly care, aging Oklahomans, long-term care, Medicaid, health care funding, provider reimbursement, rate increase, low-income seniors, senior services, integrated care, emergency measure, cosmetology, barbering
Summary:
The Senate began with a quorum call, gallery introductions, and extended farewell remarks from Senator Jett, who reflected on his six years in the Legislature, his focus on representing constituents, protecting families, and holding government accountable. Several senators responded with personal tributes, praising his conviction, faith, family involvement, and willingness to ask difficult questions. No votes were taken during the farewell portion.
The chamber then considered House Bill 2268, a PACE appropriation to support comprehensive care for low-income seniors and expand services in rural Oklahoma. The bill was amended to restore the title, advanced, and passed 34-9, then passed as an emergency measure 36-7. House Bill 3000, a cosmetology and barbering measure, made multiple changes including board reorganization, adding a human trafficking specialist and massage therapist, shifting some licensing functions to Service Oklahoma, and eliminating the massage therapy advisory board. It drew significant debate over process and policy, especially from senators concerned about late changes, lack of board input, and the human trafficking rationale; it passed 25-19 and then as an emergency 33-11.
The Senate also passed House Bill 3043, allowing the Oklahoma Department of Veterans Affairs to hire prorated seasonal staff for veterans homes, 37-6; House Bill 3066, creating a revolving fund for federal workforce training money for behavioral health recruitment and retention, 38-6 and as an emergency; and House Bill 3078, allowing donation options on state payment forms for the ODVA revolving fund, 45-0 and as an emergency. Additional measures passed included House Bill 3143, extending the moratorium on new medical marijuana business licenses to 2028, 39-7; House Bill 3144, capping medical marijuana commercial grower licenses at 2,550 after amendment, 34-12; House Bill 3244 on identity theft, 46-0; House Bill 3298 on child interview procedures in court cases, 46-0 and as an emergency; House Bill 3320, replacing the traditional sunset process with more immediate legislative review of agencies, 33-13 and as an emergency; House Bill 3321, requiring county data collection and reporting related to court costs and financial obligations, 45-0 and as an emergency; House Bill 3329, a trailer bill adding a repealer and a sunset for the Board of Psychological Examiners, 33-10 and as an emergency; House Bill 3431, expanding restrictions on foreign entities owning or leasing land and critical minerals, 43-0; House Bill 3464, setting safety and training requirements for certain projects involving fire code compliance and decommissioning, 43-0 and as an emergency; and House Bill 3499, expanding special judges’ authority over vehicle title orders, which was presented and advanced as the transcript ended.
HI
Transcript Highlights:
- And that will really make the biggest impact on our greenhouse gas reductions in order to meet our energy
- So it's affordability, increasing our local energy security, and then emissions reduction.
- Obviously, the program will not be as successful if we have to do that in terms of emissions reductions
- for strategies that help the transportation sector be in compliance with the statutory emission reduction
- And so with, you know, taxpayers through 2026 receiving over 70% of the planned income tax reductions
Keywords:
image-based sexual abuse, working group, gender-based violence, Hawaii Commission on the Status of Women, prevention efforts, survivor protections, new technologies, legal reform, HCR14, House Concurrent Resolution, perpetual easement, non-exclusive easement, state submerged lands, submerged lands, shoreline easement, drainage outfall, stormwater outfall, lagoon outfall, pipelines, Kahala Hotel & Resort
MN
Minnesota 2025-2026 Regular Session
House Human Services Finance and Policy Committee 3/10/26
Human Services Finance and Policy
Transcript Highlights:
- Section nine, new subdivision 2C, is imposition of withholding or reduction of payments before a hearing
- Section 10 is new subdivision 2D, imposition of withholding or reduction of payments without prior notice
- reduction of payments before a hearing. reduction of payments before a hearing.
- or reduction of payments without<00:50:22.160>
prior <00:50:22.480>notice. - With that, that is the A1 amendment. reduction of payment and admin uh the uh reduction of payment and
Keywords:
long-term care, insurance policy, healthcare, partnership policy, Minnesota, human services, wage increase, support workers, shared services, community first services, medical assistance, sanctions, healthcare services, monetary recovery, government accountability, assisted living, training, unlicensed personnel, resident rights, safety regulations
KY
Kentucky 2025 Regular Session
Interim Joint Committee on Judiciary (8-29-25)
Transcript Highlights:
- Additionally, an annual 25% reduction of DV reported incidents would lower the state's overall total
- In Kentucky, a 25% reduction<00:22:37.440>
of <00:22:37.760>reported <00:22:38.159>DV - reduction of reported DV incidents would lower<00:22:40.000>
the <00:22:40.320>number < - <00:22:48.880>
of Additionally, an annual 25% reduction of Additionally, an annual 25% reduction - If there was a 5% reduction, you'd have 48 fewer reconvictions, all the way up to a 25% reduction, you'd
Keywords:
Meeting Start: 00:00:00
Roll Call: 00:00:01
Kentucky’s Justice Reinvestment Initiative – Domestic Violence: 00:02:00
Uniform Partition of Heirs Property Act: 00:46:41, 958, all
Summary:
The Interim Joint Committee on Judiciary approved the minutes from its July 24, 2025 meeting and heard an announcement about a lunch sponsored by the Kentucky State Buildings and Trades Council on forming a blue-collar caucus. The main presentation came from the Council of State Governments’ Justice Center on the Kentucky Justice Reinvestment Initiative’s domestic violence work, which was described as a multi-year effort begun in 2023 to analyze data and interview stakeholders across the state.
Presenters reported that domestic violence is widespread in Kentucky, with about half of adults experiencing some form of violence or stalking in their lifetimes, and that an average of about 22,000 IPV incidents occurred annually from 2018 to 2022. They said domestic violence is a major driver of violent crime, accounting for about 48% of person offenses over a six-year period, and is linked to significant shares of homicides, sex crimes, kidnapping, aggravated assault, and simple assault. They also said reported incidents and arrests have risen in recent years, that protective-order violations and convictions have increased, and that Kentucky ranks near the bottom among surrounding states in the share of victim compensation for domestic-violence-related claims. Law enforcement survey results showed strong adoption of model policies and guidance, but limited use of screening tools for serious injury risk.
The presenters emphasized that domestic violence also places heavy demands on law enforcement, courts, and corrections, citing roughly 30,000 law-enforcement responses in 2022 and noting that more than a third of people entering DOC custody and nearly a third under supervision had DV-related histories. They said a small group of repeat offenders drives ongoing harm and that targeted interventions could reduce recidivism. They highlighted a North Carolina example in which focused intervention reduced IPV-related homicides and calls for service, and they referenced Kentucky’s 2020 assessment recommendations on training, language access, protective-order service, and coordination with victim services and batterer intervention providers. They estimated that a 25% reduction in reported DV incidents could prevent nearly 5,000 victimizations annually and reduce DOC commitments and costs substantially.
Committee members asked about the relationship between civil domestic violence petitions and companion criminal cases, and the presenters said they would check whether the data could answer that question. Members also discussed recent Kentucky legislation, including Senate Bill 319 on crime victims compensation and House Bill 38, which made a third domestic violence offense a Class D felony. Several members thanked the presenters and advocates, and one member raised concerns about service of process and recent violent incidents involving domestic violence-related warrants, prompting discussion of dedicated service units in larger jurisdictions and the resource limits faced by smaller agencies.
MN
Minnesota 2025 1st Special Session
Committee on Energy, Utilities, Environment and Climate - 04/07/25
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- The base budget was $3.199 million per year, so it's a reduction of $2 million per year from the general
- The only general fund change that affects the target is that reduction to the pre-weatherization and
- And this results in about a $13 million reduction overall to the RDA that now is being carried over into
- overall to the RDA that now is reduction overall to the RDA that now is being<00:08:09.280>
carried - Minnesota's current hydro power capacity contributes to greenhouse gas reductions, but we should not
MN
Minnesota 2025-2026 Regular Session
Conference Committee on H.F. 4252 - Omnibus Higher Education Finance and Policy - 05/14/26
Transcript Highlights:
- Well, we were like, hey, we're already over in the higher ed committee making our budget reduction.
- Well, we were like, hey, we're already over in the higher ed committee making our budget reduction.
- Well, we were like, hey, we're already over in the higher ed committee making our budget reduction.
- Well, we were like, hey, we're already over in the higher ed committee making our budget reduction.
- Well, we were like, hey, we're already over in the higher ed committee making our budget reduction.
Summary:
The conference committee received a nonpartisan walkthrough of the House and Senate side-by-side for higher education-related legislation, with staff identifying Senate-only, House-only, identical, and technical-difference provisions. Topics included paid blood donation leave for Minnesota State employees, a revised higher education attainment goal, athletic fee restrictions, developmental course disclosures, American Indian Scholars Program eligibility, protections and definitions for pregnant and parenting students, online program management contracts, student aid reporting, work-study and dual training grants, private and out-of-state postsecondary education regulation, private career school licensing and data privacy, college savings plan changes, and several University of Minnesota-related provisions. House-only items also included an unemployment insurance aid adjustment, a $1.5 million ongoing appropriation for an identity verification system to combat enrollment fraud, and $5,000 for Bemidji State University reforestation; Senate-only items included Board of Regents appointment language, limits on for-profit control of medical school curriculum, and reporting on for-profit funding in medical education.
After the walkthrough, the committee moved to adopt the same and similar provisions and direct staff to make technical corrections. A senator asked about proposed adjustments to the pregnant and parenting student language, and the chair said amendments would be considered after adopting the same and similar provisions. The motion to adopt prevailed.
During public testimony, Sydney Spre of the Minnesota Association of Professional Employees supported the Senate’s paid blood donation leave language, saying it would create parity for Minnesota State employees and encourage blood and plasma donation. Commissioner Dennis Olsen of the Office of Higher Education thanked the committee for adopting most of the agency’s proposed language and said he was available to help clarify remaining differences. In response to questions, he explained the Senate’s higher education attainment goal proposal, saying it would extend and broaden the existing goal, raise the target from 70% to 75%, expand the age range, and use additional metrics and partner agencies; he also said the overall attainment rate had been 63.5 under the prior goal. The transcript ends as the commissioner was being asked whether the proposal would require additional appropriations.
MN
Minnesota 2025-2026 Regular Session
Committee on Energy, Utilities, Environment and Climate - 04/08/26
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- and rate reduction, um, uh, point two at the end of the article.
- and rate reduction, um, uh, point two at the end of the article.
- and rate reduction, um, uh, point two at the end of the article.
- Section eight is a one-time revenue reduction for the Renewable Development Account, and the way this
- cask storage, and then another $2 million reduction from the casks stored at Monticello.
MN
Transcript Highlights:
- So, there are a certain reduction.
- <01:16:06.120>
Okay, <01:16:06.360>thank that bed capacity reduction. - Okay, thank that bed capacity reduction. Okay, thank you. you. you.
- <01:18:45.040>
of those programs will the reduction of those programs will the reduction of - We have had reductions in force in 2024 and 2025.
Bills:
HF4343
Keywords:
sales tax, use tax, advertising tax, taxable services, digital advertising, online marketing, marketing services, search engine marketing, lead generation, internet advertising, ad agency, media buying, campaign planning, Minnesota tax law, service tax, broadening tax base, web advertising, promotional services, 1183, house
NH
New Hampshire 2025 Regular Session
House Ways and Means (04/01/2025)
Transcript Highlights:
- So they would see a reduction.
- So they will also see a reduction in their tax bill and swept.
- <01:07:22.880>
in So they will also see a reduction in So they will also see a reduction in - 12ish million 13-ish million reduction 12ish million 13-ish million reduction in<01:07:32.559>
<01:07:39.520>in taxpayers would receive a a reduction in taxpayers would receive a a reduction
Summary:
The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy.
Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets.
Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.