Video & Transcript Research : 'capital development and reserve fund'

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HI

Hawaii 2026 Regular Session

WAM-CPN, WAM Public Hearings 04-07-2026

Ways and Means

Transcript Highlights:
  • Uh, Ways and Means team recommendation. Anyone voting no with reservation? Pass on if that is.
  • And for the public and members, this is uh in IEA.
  • Uh, I'll be voting with reservations as well, and my concern is that the building itself has an owner
  • All members voting other than Senator Elefante and Inouye, all other members voting no with reservation
  • information and notification system special fund.
Summary: The joint Ways and Means and Consumer Protection meeting was a decision-making session on a series of House bills, with no oral testimony taken. The committees first acted on HB 2583, recommending passage on amended, and HB 1591, recommending passage with amendments related to health care. They also recommended passage on amended for HB 1749 on cesspools and HB 2423 on biodiesel, with each recommendation adopted by the members present. The committees then considered a second agenda block that included HB 2080, HB 1520, HB 1576, HB 1711, HB 1785, HB 1802, HB 1838, HB 1842, HB 1853, HB 1976, HB 2104, HB 2218, HB 2246, HB 2270, HB 2289, HB 2361, HB 2551, and HB 2606. Most were recommended for passage unamended and adopted without objection. HB 1520 was deferred because the Senate bill had already crossed over. HB 1711 was amended to replace the option period established by the corporation with a period of up to 10 years. HB 2289 was amended to remove repeal of a ceiling and set a $1 million expenditure ceiling for the automated victim information and notification system special fund. Several members noted reservations on HB 1842, which involved transfer of the Westridge parcel near a rail station; concerns were raised about the property’s value, the long-term lease status, and whether the city would actually accept or pursue the transfer. HB 1853 was passed unamended, with the committee noting the Lions Association had suggestions that could be addressed later in conference. HB 2218 was passed unamended while adopting DLNR testimony to clarify collaboration with community groups in stewarding public lands and recreational areas. In each case, the stated recommendations were adopted, often with members voting no with reservation rather than in opposition.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 12th, 2026 at 05:47 pm

Senate Finance

Transcript Highlights:
  • That's correct, and it's in lieu of general fund.
  • We had to fund our own capital. We were left the fire and the reconciliation.
  • We were left the fire and the reconciliation appropriation contingency fund and the other one.
  • mechanisms with the Early Childhood Trust Fund and a severance tax permanent fund.
  • And so if we don't hold our reserves, we just got our bonding rating, and you hold your reserves at 28%
Bills: SB190, HB247, HB8
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 12th, 2026 at 10:24 am

Senate Finance

Transcript Highlights:
  • Members, let me go ahead and start us about capital outlay changes. Very good. Yep.
  • on reauthorizations and new appropriations for capital outlay projects.
  • And when we have these types of funds and they're not accessible because it is, in fact, a moving target
  • And capital outlay has to start moving even more and more as we move along because it's nice to have
  • People have to realize that capital outlay is going to change, and this does that.
Bills: SB190, HB247, HB8
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 12th, 2026

House Appropriations & Finance

Transcript Highlights:
  • That's correct, and it's in lieu of General Fund.
  • We had to fund our own capital. We were left the fire and the reconciliation.
  • free up money in the General Fund and the operating reserve that currently we're assuming is going to
  • with the early childhood trust fund and a severance tax permanent fund.
  • And so if we don't hold our reserves, we just got our bonding rating, and you hold your reserves at 28%
Bills: SB190, HB247, HB2, HB8
Summary: The committee reviewed drafting instructions and spending sheets for House Bill 2, focusing on both recurring and nonrecurring appropriations, reserve levels, and several late changes. Staff explained that the package would leave reserves around 28% under the current scenario, with the possibility of rising to about 30% if a separate natural disaster reform bill is enacted. Members discussed how disaster funding would be handled through a replacement Section 8 and the appropriation contingency fund, and whether the operating reserve could be tapped with explicit authorization. There was also clarification on fund types, including other state funds and interagency transfers, and on how line items were reflected in the spreadsheets. A major point of debate was how to offset additions by reducing funding elsewhere. Members discussed shifting money from the state fair/multipurpose arena request, the Office of Natural Resources Trustee, and other capital items to accommodate changes. Several senators raised concerns about cutting the Office of Natural Resources Trustee too deeply and about the purpose of those funds, including possible land purchases and floodplain mitigation in Ruidoso. The committee also discussed whether the state fair money should be reduced, with some members supporting a $25 million restoration and others preferring to leave the executive’s request intact. Staff noted that some reductions were not true cuts but swaps or offsets, such as moving local road money and using excess capital outlay reserves. Other corrections and policy items were addressed, including an increase for UNM and NMSU stadium funding, a correction to a project distribution on line 105, and funding for the Health Council. Members also noted that the public employee 1% raise was no longer funded because recurring capacity was used elsewhere, and that no COLA was included. After discussion, Senator Woods moved to adopt the drafting instructions, Senator Gonzalez seconded, and the motion passed without objection. The committee then directed staff to prepare a catch-up cleanup version of House Bill 2 for later review and said House Bill 8 would be taken up the next morning.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 11th, 2026 at 04:38 pm

Senate Finance

Transcript Highlights:
  • I work at Southwest Bone and Joint here in Silver City and fully support this bill and the funding that
  • Any of her capital to fund this? No, actually, Mr.
  • cap of her capital to fund this?
  • we're going to handle that, and then holding the reserve.
  • And this is getting that outside of the liability fund.
Bills: SB152, SB145, SB190, HB247
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 11th, 2026 at 09:05 am

Senate Finance

Transcript Highlights:
  • and use of the fund.
  • And how much was in that fund?
  • contingency and the operating reserve.
  • And then they wanted to increase it in that fund.
  • And these are racked by general fund. What's I&T?
Bills: SB152, SB145, SB190, HB247
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 11th, 2026

House Appropriations & Finance

Transcript Highlights:
  • I work at Southwest Bone and Joint here in Silver City and fully support this bill and the funding that
  • Any cap of her capital to fund this? No, actually, Mr.
  • we're going to handle that, and then holding the reserve, the appropriation contingency fund at the
  • And this may be from last year's capital.
  • and ensure it's functional... ...capital outlay portion and make it more transparent and ensure it's
Bills: SB152, SB145, HB2, SB190, HB247
Summary: The committee first set aside Senate Bill 247 because the Attorney General and bill sponsor were not present. It then heard Senate Bill 190, which would authorize bonding to help Healer Regional Medical Center in rural southwest New Mexico replace an aging linear accelerator used for cancer radiation treatment. The sponsor and hospital representatives said the equipment is at end of life and that replacing it would keep patients from having to travel long distances for care. The committee adopted a friendly amendment adding an emergency clause, but members then questioned the financing, noting the $5.7 million cost, the lack of local matching funds, and the fact that the equipment’s useful life is only about 10 years while the proposed bonds would run for 30 years. After extended discussion about interest costs and timing, committee members explored alternatives to reduce the state’s borrowing burden, including using existing rural health care funds, federal grant money, or structuring a county lease arrangement rather than issuing bonds. The bill was left pending while staff and the sponsor were asked to look into those options and report back. The committee also briefly heard from the Department of Justice about concerns raised by the Public Education Department regarding Gallup-McKinley and online learning companies; DOJ said investigations were ongoing but it could not say whether a lawsuit would be filed. Members expressed concern about possible large liabilities and discussed bringing the Attorney General and PED Secretary back in executive session. The meeting then shifted to House Bill 2 and related budget matters. Staff walked members through numerous line items, flagging some as potentially duplicative, unspent, or in need of further review, including attorney general litigation funds, rural health, education, transportation, tourism, energy, and economic development items. The committee adopted the “grow” spreadsheet after members said they had reviewed it, and then discussed reserve targets. Staff presented several scenarios to raise reserves from about 26.7% toward the 27.5% target, including cuts to natural resource, environmental, higher education, and transportation appropriations. Members generally favored a flexible “scenario five” approach and were reluctant to sweep older capital outlay projects immediately, preferring to wait until the capital outlay changes bill is resolved. The committee planned to continue the budget discussion the next morning.
HI

Hawaii 2026 Regular Session

ECD Public Hearing - Fri Feb 13, 2026 @ 8:30 AM HST

Economic Development & Technology

Transcript Highlights:
  • </c><00:35:12.960><c> intensive</c><00:35:13.440><c> it</c> and how much how capital intensive it and
  • </c> As my peers mentioned, not only do STEM and robotics programs help with workforce development and
  • and funding for mentors<01:04:44.640><c> and</c><01:04:45.039><c> people</c><01:04:45.200><c> that</
  • > consistent funding and a lack of consistent funding and a lack of mentorship.<01:06:49.839><c> Uh</
  • due to the lack of funding and mentorship, and I strongly urge you guys to push for this bill to be
Summary: The committee opened with HB 1813 on taxation and HB 2429 on tax expenditure evaluation, taking mostly written testimony and limited oral discussion. On HB 2429, the Tax Foundation and Department of Taxation raised privacy and federal-law concerns, warning that the bill could require taxpayers to file duplicative returns and could risk disclosure of federal tax information if released publicly. Members and witnesses discussed using anonymized or summary reporting instead of individual public release, with the department saying summarized data would be preferable and that the state can ask for the information as a policy matter, but individual public release could create problems. The committee then heard HB 2423 HD1 on biodiesel, where Pacific Biodiesel said it can supply all biodiesel needed for B5 in Hawaii without imports and asked to move the implementation date earlier to November 2027 to allow rollout planning. HB 1996 HB1 on hearing aids drew broad support; a disability access representative said earlier insurance-based efforts had run into administrative problems and that this bill would immediately lower costs for consumers. HB 1851 HD1, also related to hearing aids, received support from the Department of Labor and Industrial Relations, while the Tax Foundation argued the program would be better funded directly rather than through the tax system, citing overhead costs and blank provisions that should be filled in before passage. On HB 2546, the research activities tax credit, HCDC said the credit supports long-term R&D and should be converted from a first-come, first-served system to proration so more applicants receive some benefit; the agency described the credit as helping companies move from idea to commercialization and noted the state is leaving potential jobs and federal dollars on the table. HB 2028 HD1, relating to Labor Day for construction workers, drew support from labor representatives who said it recognizes construction workers and helps offset cost-of-living pressures, while the Tax Foundation opposed it as an industry-specific subsidy and flagged technical issues with undefined terms and blank credit amounts. The committee also heard HB 2583, HB 2490, HB 2545, HB 2114, and HB 1859 HD1. HB 2490, concerning coastal erosion at Mokuhiki Bay, received strong support from a temple representative who described severe shoreline loss, years of temporary emergency work, and the need for a long-term, nature-based solution in coordination with state agencies. HB 2545, involving HCDC and SBIR commercialization, was supported as a way to turn R&D into economic development; HCDC said it had more applications than it could fund and that the bill could help create high-wage jobs. HB 2114, the Hawaii Benefits Hub, received comments from ETS and DHS emphasizing support for the concept but cautioning that operational, policy, cybersecurity, and data-sharing standards must be carefully aligned. HB 1859 HD1 on workforce development drew strong support from workforce and philanthropic groups, who said Hawaii faces a long-term gap between projected living-wage jobs and the number of young people entering the workforce, and argued the bill would create durable infrastructure for coordination and long-term planning. No formal votes or final actions were taken in the portion of the hearing provided.
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations - Government Operations Division Apr 10th, 2025 at 11:00 am

Appropriations - Government Operations Division

Transcript Highlights:
  • This would add funding and create a pro-life education committee, and the appropriation in that amendment
  • ; identify possible funding source, including the Strategic Investment and Improvement Fund; $40 million
  • Space reconfiguration pool for rent funding for the rent and moving of space and doing the reconfiguration
  • it, and hopefully we'll get federal funds.
  • Okay, another proposed change is to declare capital assets, deferred maintenance, and moving and space
Bills: HB1015
Summary: The Government Operations Division met to review proposed amendments to the Office of Management and Budget (OMB) budget, with the chair noting the bill would not be voted out that day and would likely be held until the following week for any technical corrections. Members discussed a series of amendments, generally without objection: a $1.5 million appropriation for a pro-life education committee; a $40,000–$45,000 deficiency appropriation for Uniform Laws travel costs; creation of a state deferred maintenance fund with $40 million for deferred maintenance projects; adding the state hospital project to the OMB budget with $200 million from the Strategic Investment and Improvements Fund (SIF) and $85 million from a line of credit, plus construction management oversight; $110,114 for custodial equity increases; $1 million for a retirement incentive pool; $3 million to cover a shortfall in the new and vacant FTE funding pool; and $4 million for space reconfiguration and rent/moving costs. Prairie Public Broadcasting was also discussed, with a suggestion to change the purpose from local programming to infrastructure and set the amount at $850,000, likely as one-time SIF funding. The committee also heard a heads-up about a possible $180,000 federal reimbursement issue tied to an education grant, but no action was taken on that item. The committee further discussed a broader amendment to reduce the transfer from the social services fund to the human services fund from $250 million to $232 million, based on DHS needs and available carryover funding. Members also agreed to add emergency clauses to the capital assets, deferred maintenance, and moving/space reconfiguration items. The chair indicated Brady could begin incorporating the discussed changes into a consolidated amendment, while noting there could still be additional items next week. Staff also reported the SIF balance was about $280 million positive, though some removed agency items, including airport grants, would need to be considered. The committee then reconsidered its earlier action on House Bill 1581 and restored it to its original form at $100,000 after hearing that the funding would support tribal tourism-related events tied to upcoming 2026 celebrations and the Theodore Roosevelt Library opening. A motion for do pass on the bill as originally introduced passed unanimously by roll call. Finally, the committee postponed action on another bill until later that day, directing that revised materials be distributed and that the item be taken up in the afternoon session.
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Apr 6th, 2026 at 02:00 pm

Revenue and Taxation

Transcript Highlights:
  • software development and subscriptions and auditors.
  • We are creating the Oklahoma Department of Veterans Equipment and Capital Improvement Programme.
  • And in that, we'll have that capital improvement fund that they can make purchases as they deemed necessary
  • The fund was set up at 50 million, and there's 28.3 million left for the tax credit rebate.
  • State and federal funds have nothing to do with your capacity to bond.
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Apr 6th, 2026

Revenue and Taxation

Transcript Highlights:
  • The office is not permitted to own property, so those funds pay rent to house UP employees and securely
  • The office is not permitted to own property, so those funds pay rent to house UP employees and securely
  • We are creating the Oklahoma Department of Veterans Equipment and Capital Improvement Program.
  • And in that will go, we'll have that capital improvement fund that they can make purchases as they deem
  • State and federal funds have nothing to do with your capacity to bond.
Summary: The Senate Revenue and Taxation Committee considered several House bills dealing with tax credits, fee changes, school funding, and investment authority. House Bill 4426 extended the sunset on the SIDE tax credit to December 31, 2032, and passed 7-2. House Bill 3704 elected Oklahoma into the federal income tax credit for contributions to scholarship-granting organizations and passed 9-2. House Bill 4311 raised the unclaimed property division’s administrative fee from 4% to 6% to cover increased duties and costs; it passed 8-3 after debate over whether the increase was justified. House Bill 3044 reauthorized the veterans income tax checkoff and the associated capital improvement fund, and passed 10-0. House Bill 4191 revised the Smaller Employer Quality Jobs Act by lowering job thresholds, expanding qualifying locations and industries, and changing other eligibility rules; it passed 6-4. House Bill 3465 extended the emission tax credit sunset from July 1, 2027 to July 1, 2029 and passed 6-4, with opponents arguing it subsidized compliance with federal mandates. House Bill 3972, a title-off bill addressing ad valorem reimbursement issues tied to the state purchase of a prison, drew extensive debate over precedent and scope; an amendment to add a sunset failed 5-5, and the bill then passed 8-2 as amended.
HI

Hawaii 2026 Regular Session

Senate Floor Session 03-23-2026 11:30am

Hawaii Senate Floor Meeting

Transcript Highlights:
  • We have her parents, Iris and Hollis Okumura, and her sister, Kiana Okumura, who are constituents of
  • , Irene Speaker of Forest Solutions, and Jocelyn Herbert of Resources Legacy Fund.
  • And Mr.
  • , Irene Speaker of Forest Solutions, and Jocelyn Herbert of Resources Legacy Fund.
  • It's been moved and seconded.
AL

Alabama 2026 Regular Session

Alabama House Health Committee Jan 21st, 2026

Health

Transcript Highlights:
  • And you've brought attention to it, and let's see if we can't work it out between the two of you and
  • And you've brought attention to it, and let's see if we can't work it out between the two of you and
  • And and Alabama law against federal law.
  • And and like I said, I &gt;&gt; Right. Right.
  • From medical requirements, their abilities and and requirements, their abilities and and [clears throat
Bills: HB139, HB172, HB156
MN

Minnesota 2025-2026 Regular Session

House Capital Investment Committee 3/24/26

Capital Investment

Transcript Highlights:
  • ><c> developers,</c><00:23:17.080><c> and</c><00:23:17.320><c> business</c> builders, developers, and
  • </c><00:26:10.200><c> the</c><00:26:10.240><c> project</c> and with those funds, and the project and
  • :20.720><c> funds</c><00:26:21.560><c> are</c> that taxes and utility funds are that taxes and utility
  • You're also thinking about goals and risks and opportunities, and how do those intersect to develop plans
  • > we</c><01:09:21.200><c> set</c> make funding decisions and how we set make funding decisions and how
AL

Alabama 2025 Regular Session

Alabama House Baldwin County Legislation Committee Feb 25th, 2025

Baldwin County Legislation

Transcript Highlights:
  • Basically, a pay increase from $115 to $200, and the Board of Equalization is $200, and the Board of
  • They haven't had an increase in a while, and this also would go with the Consumer Price Index, so we
  • Yes, ma'am, it would be, and ...be retroactive. Yes, ma'am, it would be.
  • I did talk with our Revenue Commissioner, I did talk with our Revenue Commissioner, and he said no, everything's
Bills: HB236, HB236
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Feb 13th, 2026 at 05:31 pm

House Appropriations & Finance

Transcript Highlights:
  • and withhold funding until it's fixed.
  • environmental goals with economic development and job creation.
  • Environmental goals with economic development and job creation.
  • opportunity, and being funded for exactly this?
  • So I know we've funded these before, and they've shut down, and now we're going to fund them again.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 13th, 2026

House Appropriations & Finance

Transcript Highlights:
  • There's a little bit of a fray about House Bill 2 and what happened to the 1%.
  • And remember, if you're making under $50,000, we're paying 100% of that.
  • And so 1% we have to do 80-20 for teachers. And so 1%. We have to do 80-20 for teachers.
  • And so 1% just did not make sense with what we had to do with child care and everything else.
  • When do you anticipate doing the bill for the university fund? I don't know, we'll see.
Summary: The committee first corrected its action on Senate Bill 151, noting that the earlier motion had been made incorrectly after the committee substitute was amended. Members then moved to do not pass the Senate Finance Committee substitute and do pass the same committee substitute so it could be sent to the floor. The only change identified in the substitute was an adjustment to the sunset date. A roll call vote followed, with several members voting yes and a few voting no or being excused, and the motion to report the committee substitute out with a due pass recommendation carried. After the SB 151 vote, the chair said the committee was essentially finished and expected to meet on the floor the next day, likely around noon, with a plan to come in earlier and handle a few more bills. The discussion then shifted to House Bill 2 and the broader issue of state employee compensation. One member argued that over the past several years the state had already provided substantial pay raises and benefits, citing roughly $1.3 billion in raises, about $184 million annually for health care costs, and $116 million annually for employer pension costs, for a total of about $1.6 billion over four years. That member said the state had done enough on employee compensation and that a proposed 1% increase did not make sense given competing priorities such as child care and other needs. The committee then adjourned, and there was a brief question about when the university fund bill would be heard, but no firm timing was given.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 14th, 2026 at 10:07 am

Senate Finance

Transcript Highlights:
  • ambitious economic development moonshots. the largest and most ambitious economic development moonshot
  • That you talk about item two, the research development and deployment fund, sorry, for 111 million.
  • And I just don't want our tax dollars going to fund races against me.
  • , and they're willing to back a lot of this funding-wise.
  • I think we can get economic development and also set up guardrails.
Bills: SB151, HB8, SB177
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 13th, 2026 at 03:43 pm

Senate Finance

Transcript Highlights:
  • There's a little bit of a fray about House Bill 2 and what happened to the 1%.
  • And remember, if you're making under $50,000, we're paying 100% of that.
  • And so 1% we have to do 80-20 for teachers. And so 1%. We have to do 80-20 for teachers.
  • And so 1% just did not make sense with what we had to do with child care and everything else.
  • When do you anticipate doing the bill for the university fund? I don't know, we'll see.
Bills: SB151, HB8, SB177
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 13th, 2026 at 09:37 am

Senate Finance

Transcript Highlights:
  • These bills were discussed and debated, and based on the funds generated by SB 151, we have approximately
  • a fund and created sort of the mechanism to do that.
  • And it says recurring general fund.
  • develop all I want and come back and call it affordable, meet the guidelines of the Affordable Care
  • for funding through the existing capital outlay process.
Bills: SB151, HB8, SB177