Video & Transcript Research : 'amortization'
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TX
Keywords:
tax collection, managed audits, taxpayer rights, dispute resolution, penalty, sales tax exemption, clothing, footwear, school items, economic relief, public retirement systems, pension funding, police benefits, firefighter pensions, municipality contributions, actuarial assumptions, amortization, administrative requirements, judicial retirement, service credit
TX
Keywords:
tax collection, managed audits, taxpayer rights, dispute resolution, penalty, sales tax exemption, clothing, footwear, school items, economic relief, public retirement systems, pension funding, police benefits, firefighter pensions, municipality contributions, actuarial assumptions, amortization, administrative requirements, judicial retirement, service credit
TX
Keywords:
school safety, Foundation School Program, education funding, student allotment, Texas education, SB 263, Texas franchise tax, cost of goods sold, COGS, broadcasters, television broadcasting, radio broadcasting, media tax, broadcast license, FCC, 47 C.F.R. Part 73, 47 C.F.R. Part 74, film production, television production, tax deduction
MN
Keywords:
pension, retirement, omnibus pension, MSRS, PERA, TRA, public employees retirement, state employees retirement, correctional employees, police and fire retirement, State Patrol retirement, teachers retirement, firefighter relief association, volunteer firefighter, state aid, postretirement adjustment, COLA, annuity, disability benefit, duty disability
NM
Keywords:
SB193, acequia, community ditch, irrigation works construction fund, water infrastructure, ditch infrastructure, irrigation, New Mexico water law, agricultural water, farmers, Rio Grande, acequia association, forest land protection revolving fund, state fund transfer, irrigation projects, SB132, DOIT, Department of Information Technology, software replacement, equipment replacement
NM
Keywords:
SB193, acequia, community ditch, irrigation works construction fund, water infrastructure, ditch infrastructure, irrigation, New Mexico water law, agricultural water, farmers, Rio Grande, acequia association, forest land protection revolving fund, state fund transfer, irrigation projects, SB132, DOIT, Department of Information Technology, software replacement, equipment replacement
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Feb 6th, 2026 at 04:27 pm
House Appropriations & Finance
Keywords:
general appropriation, budget, Medicaid, education funding, public safety, SB193, acequia, community ditch, irrigation works construction fund, water infrastructure, ditch infrastructure, irrigation, New Mexico water law, agricultural water, farmers, Rio Grande, acequia association, forest land protection revolving fund, state fund transfer, irrigation projects
NM
Keywords:
SB132, DOIT, Department of Information Technology, software replacement, equipment replacement, technology funding, revolving fund, capital equipment, enterprise services, state IT budgeting, software budgeting, amortization, depreciation, State Treasurer, Department of Finance and Administration, New Mexico, information technology, IT infrastructure, fund accounting, legislative appropriation
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Feb 16th, 2026 at 10:48 pm
House Appropriations & Finance
Keywords:
SB132, DOIT, Department of Information Technology, software replacement, equipment replacement, technology funding, revolving fund, capital equipment, enterprise services, state IT budgeting, software budgeting, amortization, depreciation, State Treasurer, Department of Finance and Administration, New Mexico, information technology, IT infrastructure, fund accounting, legislative appropriation
AZ
Bills:
HB2014, HB2055, HB2145, HB2150, HB2696, HB2755, HB2763, HB2781, HB2782, HB2787, HB2795, HB2889, HB2975, HB2985, HB2986, HCM2009, HCR2020, HCR2038
Keywords:
air emissions, fuel blends, environmental quality, feasibility study, Arizona Department of Agriculture, brackish groundwater, water supply development, desalination, Arizona Revised Statutes, water infrastructure, financial assistance, environmental reviews, fuel reformulation, gasoline standards, environmental regulations, ethanol supply, Air Quality, state land department, mineral lease, renewals
Summary:
The Natural Resources Committee approved the March 17 minutes and then took up a long calendar of bills, holding HCR 2038. HB 2787, which would bar the state and its political subdivisions from using personnel or financial resources to enforce, administer, or cooperate with the Mexican wolf reintroduction program, drew opposition from Sierra Club and Humane World for Animals/Animal Defense League of Arizona, who argued it would hinder wolf recovery and undercut science-based wildlife management. The committee nevertheless gave HB 2787 a do-pass recommendation by a 4-3 vote.
The committee then considered HB 2055 on a Brackish Groundwater Recovery Program Fund and HB 2782 on disclosure requirements for regulatory assets in utility rates. Testimony on HB 2055 raised concerns that brackish groundwater is still groundwater and that pumping it could cause localized impacts, but the bill initially received a do-pass recommendation before a later vote failed on reconsideration. HB 2782 prompted discussion about Corporation Commission authority and utility regulation, but it ultimately received a do-pass recommendation. The committee also heard HB 2781, a solar energy decommissioning and financial assurance bill, with testimony from environmental groups, industry representatives, and a local official; an amendment by Senator Sundareshan to strengthen financial assurance and remove the remediation fund failed, and the underlying bill also failed on a tied 4-4 vote.
Later, the committee approved HB 2975, which would suspend use of solar scoring maps on state trust lands and require new mining and housing scoring maps, despite opposition from environmental groups and neutral comments from the State Land Department that the solar map is only a guidance tool. HB 2696, as amended, passed after the committee adopted amendments shifting the Arizona Commerce Authority’s fuel-price mandate and creating a fuel resiliency task force; testimony focused on fuel supply, pipeline capacity, refinery access, and whether the ACA was the right agency to lead the effort. The committee also passed HCM 2009 urging Congress to require legislative approval for new national monuments and to streamline mining and land-swap processes, and HB 2889, which funds ADEQ monitoring of uranium contamination and creates a statewide registry and tribal partnership program.
Finally, the committee approved HB 2763, which would require legislative approval before the Arizona Game and Fish Commission could close a shooting range. Supporters said it was meant to protect facilities like Ben Avery and preserve safe shooting locations, while opponents argued the bill was unnecessary because existing review steps already exist and there was no imminent closure threat. The committee also heard testimony on the bill from Game and Fish, which said the measure would add another layer to an already extensive closure process and that the department was neutral on the proposal.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/01/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- The whole point of this is to move us from a fixed amortization end date to layered amortization.
- for PAR, uh member of the amortization for PAR, uh member of the amortization workg<01:23:53.679
- Those are amortized over separate years. Those are amortized over separate years.
- The amortization work group agreed on the different amortization periods that are on page five of the
- The amortization work group agreed on the different amortization periods that are on page five of the
TX
Transcript Highlights:
- Council ultimately decided and voted against adopting amortization.
- , by the way, but amortize its investment in the property.
- With the city regarding the amortization of their property.
- Sure, so the amortization process, as it exists...
- And more just amortization happened in Dallas.
Keywords:
zoning, public notice, local government, residential development, protests, water conservation, municipal utility districts, Texas Commission on Environmental Quality, environmental regulation, groundwater management, nonconforming uses, zoning regulations, land use, property rights, municipal authority, municipal moratorium, development moratorium, property development, subdivision, site plan
TX
Transcript Highlights:
- whether the city should incorporate amortization into its city ordinances.
- Various municipalities use amortization.
- , by the way, but amortize its investment in the property.
- Allowed for actually the amortization schedule to be reimbursed.
- How often does it amortization happen in Dallas?
Bills:
HB24
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Oct 9th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- In terms of net amortization in 2023, meaning if the plan assumptions continue to hold.
- versus Is the pooling amortization.
- get, is layered separately and amortized separately.
- So I'll start with closed amortization.
- The window basically represents the duration of the amortization.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Oct 8th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- The other metric we look at is your amortization period.
- And we're bringing down that amortization period to 39 years.
- It's at today, with your amortization period down to 48 years.
- So, it's a net positive on that amortization period.
- The amortization period changes to 39 years.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 02/24/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- from with the new layered amortizations. from with the new layered amortizations.
- prior to our amortization date of 2048. prior to our amortization date of 2048.
- <00:34:40.240>
the <00:34:40.399>amortization layered amortization the amortization - amortization has most impacted our plan. amortization has most impacted our plan.
- than 30% uh due to the amortization than 30% uh due to the amortization methodology.
LA
Louisiana 2026 Regular Session
Public Retirement Systems Actuarial Committee Jun 22nd, 2026
Transcript Highlights:
- So $57.9 million was applied to the experience account amortization base.
- And you can see that it's only the amortization payment line that changed. I mean.
- And you can see that it's only the amortization payment line that changed.
- And you can see that it's only the amortization payment line that changed. I mean.
- And you can see that it's only the amortization payment line that changed.
Summary:
The Public Retirement Systems Actuarial Committee met on June 22 and approved the minutes from the February 23, 2026 meeting. There was no public comment. The main discussion focused on Louisiana State Employees’ Retirement System (LASERS) and how appropriations from House Bill 312 of 2026 affect the system’s actuarial valuation and employer contribution rate for fiscal year 2027.
Staff explained that HB 312 provided about $145 million in appropriations to LASERS, with roughly $87.6 million applied to the original amortization base and about $57.9 million applied to the experience account amortization base. As a result, the projected aggregate employer contribution rate for the fiscal year beginning July 1, 2026 was revised from 32.51% to 30.05%, a reduction of 2.46%, and the required projected employer contribution was updated to about $738.7 million. The presentation also noted that the June 30, 2025 valuation itself did not change, only the projected 2026 rate, and that the original amortization base would be paid off by June 30, 2026.
Committee members asked about the longer-term effect of the changes, including a projected 2036 payment reduction. Staff explained that later-year UAL payments would be lower, but that the exact savings would depend on future actuarial experience and investment performance. The committee then adopted the motion to revise the projected fiscal year 2027 LASERS aggregate contribution rate to 30.05%, subject to the appropriation, and later adjourned without opposition.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 03/11/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- amortized over a short period.
- So that is where our board's position is on layered amortization.
- amortization schedule having a 20year amortization schedule for<00:59:11.599>
active <00:59:11.920 - There's also a series of those layers inside layered amortization.
- There's also a series of those layers inside layered amortization.
LA
Louisiana 2026 Regular Session
Public Retirement Systems Actuarial Committee Jun 22nd, 2026
Transcript Highlights:
- So the remaining funds rolled over to pay down the experience account amortization base.
- So 57.9 million was applied to the experience account amortization base.
- That one was without re-amortization. So it did not base. That one was without re-amortization.
- And you can see that it's only the amortization payment line that changed. I mean.
- And you can see that it's only the amortization payment line that changed.
Summary:
The Public Retirement System Actuarial Committee met on Monday, June 22, with a quorum present and approved the prior meeting minutes. There was no public comment. The main item was an actuarial update from Ms. Johnson on LASERS, prompted by House Bill 312 of 2026, which appropriated about $145 million to LASERS and required the committee to revise the projected fiscal year 2027 employer contribution rate to reflect the funds received.
Ms. Johnson explained that $87.6 million was applied to the original amortization base, paying it off, and the remaining $57.9 million was applied to the experience account amortization base. As a result, the projected aggregate employer contribution rate for fiscal year 2027 was reduced from 32.51% to 30.05%, a decrease of 2.46%, with the projected employer contribution amount revised to about $738.7 million. She also noted that the original amortization base balance would be zero by June 30, 2026, while the experience account amortization base would continue to be paid down over time.
Committee members asked about the longer-term impact of the changes, including a question about projected savings in 2036. Ms. Johnson said the later-year savings would depend on future actuarial experience and investment performance, but the projected UAL payment in that year would be lower under the revised schedule. The committee then moved to adopt the revised projected fiscal year 2027 LASERS contribution rate of 30.05% by plan, the motion was seconded, and it passed without opposition. The meeting then adjourned.
MS
Transcript Highlights:
- <00:08:45.440>
method moved to a different amortization method moved to a different amortization - , layered amortization.
- Um, explain the amortization period to me. Um, and if okay, Mr.
- Uh, and long story short, the board did that one explain the amortization period to me. explain the amortization
- we're going to shorten the amortization we're going to shorten the amortization period<01:25:40.719
Summary:
The committee heard an update from PERS Executive Director Higgins, who reported that the system has about $38 billion in assets, earned roughly 11.7% last fiscal year, and is about 57% funded. He thanked lawmakers for a newly passed $1 billion funding bill and emphasized that funding the existing system remains the top priority. Higgins also noted that the board’s actuarially recommended contribution is about 26% of payroll, while the system is currently receiving about 18.4%, and said PERS will return later in session with a few requested bills.
Higgins addressed several policy topics under discussion this session, including return-to-work rules, first responders, and Tier 5. He said return-to-work changes are possible if the law is changed and funding implications are addressed. For first responders, he said any special treatment should be done within PERS rather than by creating a separate system, with the affected group and parameters clearly defined and fully funded. He also said the new Tier 5 hybrid plan is being implemented on track for March 1 and is projected to improve the system’s long-term financial position by reducing future liabilities and helping pay down the unfunded liability.
Members then questioned Higgins about the system’s funding policy, the 30-year closed amortization period used in the ADC calculation, and whether that approach should be revisited in light of recent funding actions and changes in assumptions. Higgins said the board reviews the policy annually, that the closed amortization approach was chosen to better pay down the unfunded liability, and that the annual valuation and experience studies already incorporate recent funding changes, Tier 5, and the phased employer-rate increases. He acknowledged that a significant new infusion of funding could justify reviewing the amortization period, but cautioned against changing it too often because it could undermine progress toward paying down the unfunded liability.