Video & Transcript Research : 'interest rate swaps'
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AL
Alabama 2025 Regular Session
Alabama Senate County and Municipal Government Committee Mar 18th, 2025
County and Municipal Government
Transcript Highlights:
- I was interested in this bill because I was trying to figure out what it meant. So, I'm sorry, Mr.
- I spoke to different organizations and special interest groups that had interest in advertising.
- this as high Guard has rated this as high risk.
- Well, then they were given a high-risk rating.
- They went back to NewsGuard and they said, "Hey, we want you to rate us," and they said no.
Keywords:
vehicle registration, disability access, fines, law enforcement, public accommodation, bond financing, municipal bonds, county debt, local government debt, debt service schedule, bond disclosure, public finance, bond underwriter, county commission, city council, refunding bonds, swap agreements, interest rate swaps, derivatives, fiscal transparency
TX
Transcript Highlights:
- The first swap that the agency did swapped $15.2 million.
- with this swap.
- And you mentioned that we're paying interest. What rate of interest are we paying?
- **Senator Bettencourt**: What the interest rate is, if you know it? You know it?
- If you do think you're paying interest and what the rate is, I would love to know, and if, but the chair
Bills:
SB 1
Keywords:
campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, Attorney General, budget recommendations, funding swaps, salary increases, Landowner's Compensation Program, public testimony, law enforcement
Summary:
The meeting focused on the budget recommendations for the Office of the Attorney General (OAG), where key issues included the proposed decrease of $163.9 million for the 2024-25 biennium and various methodology swaps for funding. Attorney General Paxton discussed ongoing litigation expenditures and emphasized the need for continued investments in agency staffing to address rising demands within law enforcement. Notably, he requested a 6% salary increase for 2026 and 2027 to retain talented personnel amidst competitive job markets. Public testimony highlighted community awareness challenges regarding the Landowner's Compensation Program, indicating a need for enhanced outreach efforts.
TX
Texas 89th 2nd C.S.
S/C on Disease Prevention & Women's & Children's Health Mar 20th, 2025
S/C on Disease Prevention & Women's & Children's Health
Transcript Highlights:
- And so it's just any interest because it was 3% if you own that much of a food company, that is a whole
- rather than the best interests of the people for the people.
- They allow industry to rate and in the food industry, they have generally accepted safe products.
- How do we keep, if we do it in Texas, how do we prevent those conflicts of interest?
- That really goes to the depths of the conflicts of interest on all of this.
TX
Transcript Highlights:
- What inflation rate are we using?
- This is a notification even if you're not planning on raising the tax rate.
- So, they're going to have to raise the tax rate to accommodate all the mail.
- You generally set your rates by...
- Kelly Rasty: We took an interesting approach.
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest
TX
Transcript Highlights:
- What inflation rate are we using?
- Even if you're not planning on raising the tax rate?
- Well, we don't know what the tax rate is going to be because the tax rate should be going down as the
- They're going to have to raise the tax rate to accommodate all the mail.
- You all do set your rates much earlier than everybody else. You generally set your rates by now?
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest
TX
Transcript Highlights:
- in than a tax rate increase.
- The rate was called the rollback tax rate.
- Interesting.
- The crime rate will go up. I'm at a record low crime rate.
- How many of those 12 years was the tax rate set at the no new revenue rate?
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest
AZ
Transcript Highlights:
- base or otherwise reflected in rates based on a test year or historical balance.
- State trust lands must be leased and sold according to what is in the best interest of the trust.
- It seems very, very interesting to me, and I appreciate a challenge.
- The prior testimony you just received on fire districts is interesting.
- Prescribing by rule may limit the discretion to act in the best interest of the trust.
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.
TX
Transcript Highlights:
- So market value, market rate one bedroom might be $1,500.
- Tax rates change every year.
- So aside from the M&O rate, but if and to the extent you have an I&S rate on your bonds, you may have
- And could that potentially also affect your bond rating?
- Thank you all for talking to the ratings agencies.
Keywords:
HB 21, Texas Tax Code, ad valorem tax, property tax, delinquent taxes, tax delinquency, penalty reduction, interest rate, split payment, installment payment, tax relief, county tax collector, taxing unit, property owner, tax collection, voter-approval tax rate, no-new-revenue tax rate, tax increase election, supermajority, 60 percent threshold
AL
Alabama 2026 1st Special Session
Alabama House Boards, Agencies and Commissions Committee Feb 4th, 2026
Boards, Agencies and Commissions
Bills:
HB150
Keywords:
improvement district, special assessment, assessment lien, public infrastructure, bond financing, bond interest rate, county commission, tax assessor, tax collector, judge of probate, ad valorem tax, tax lien, tax sale, foreclosure, delinquent taxes, municipal finance, public improvements, infrastructure financing, collection enforcement, property lien
TX
Transcript Highlights:
- Texas' current rate is $5,000.
- The law allows a taxing unit to levy an unrestricted INS, interest and sinking property tax rate, to
- Senate Bill 1453 does permit a taxing entity to adopt an INS rate higher than the minimum tax rate if
- Adjusting their INS tax rates.
- In the interest of reforming the INS tax rate setting process with an emphasis on transparency and accountability
Keywords:
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, margin tax, Texas Tax Code, depreciation, amortization, broadcast rights
TX
Transcript Highlights:
- We appreciate and recognize the rate compression policies in place today and lowering the rate for all
- Sure, so we have the voter approved rate, which is the highest rate that you could approve without a,
- We have typically adopted a rate lower than the voter approved rate in the last several years in order
- to keep our property tax rate low.
- But what you're saying is right, that yes, tax rates go up and then that tax rate is paid by everyone
Keywords:
HB 8, Texas public school accountability, school accountability, public school transparency, STAAR, state assessments, instructionally supportive assessment program, Student Success Tool, Texas Education Agency, TEA, accountability ratings, A-F ratings, through-year assessment, benchmark testing, norm-referenced assessment, college career military readiness, CCMR, local accountability plan, school district performance, campus turnaround
TX
Texas 89th Regular
Senate Committee on Business and Commerce Mar 25th, 2025 at 08:00 am
Business & Commerce
Bills:
SB 483, SB 522, SB 783, SB 1239, SB 1254, SB 1255, SB 1259, SB 1341, SB 1664, SB 1762, SB 1856, SB 1877, SB 1977
Keywords:
utility, proprietary information, customer data, data protection, electric service, customer information, emergency communication, electric utility, privacy, certification, public accountants, interstate licensing, accounting, regulatory amendment, energy efficiency, construction regulations, building codes, Texas, sustainability, cost-effectiveness
TX
Bills:
SB 483, SB 522, SB 783, SB 1239, SB 1254, SB 1255, SB 1259, SB 1341, SB 1664, SB 1762, SB 1856, SB 1877, SB 1977
Keywords:
utility, proprietary information, customer data, data protection, electric service, customer information, emergency communication, electric utility, privacy, certification, public accountants, interstate licensing, accounting, regulatory amendment, energy efficiency, construction regulations, building codes, Texas, sustainability, cost-effectiveness
DE
Delaware 2025-2026 Regular Session
House Administration Committee Meeting Jun 17th, 2026
Administration
Transcript Highlights:
- Section 1 of this act is interest-free loans to provide financial assistance.
- Now, Section 1 of this act is interest-free loans to provide financial assistance.
- It establishes an interest-free loan.
- Existing laws allow districts to bypass voter disapproval to raise tax rates.
- There's no conflict of interest.
Keywords:
federal workers, government shutdown, interest-free loans, tax deferral, public transportation, Rehoboth Beach, municipal charter, city charter amendment, commissioners, mayor, local government, election qualifications, affidavit of eligibility, domestic partner, cohabitant, conflict of interest, freeholder, leaseholder, municipal court, Alderman
Summary:
The House Administration Committee met to consider a series of resolutions and bills covering arts districts, child care background checks, federal worker relief, health care reform, court transparency, school tax reassessment, municipal charter changes, constitutional amendment procedures, data center nondisclosure agreements, state employee benefits governance, and lieutenant governor vacancies. Members also noted that House Concurrent Resolution 12 had been removed from the agenda and that public comment would be limited to one minute per speaker.
The committee released SCR 167 to study arts, culture, and creative districts in Delaware; HB 438 to close a loophole in the child care service letter requirement; SB 268 to provide interest-free loans, free transit, and tax deferrals for federal workers during shutdowns; SS2 for SB 1 to expand and permanently strengthen primary care investment while also addressing hospital cost growth; HCR 147 to request a Court of Chancery report on audio recordings and automated case assignment; SB 322 to replace the current post-reassessment 10% school revenue increase authority with a 2% annual increase option under safeguards; SB 306 to amend the Rehoboth Beach charter; HB 440 to require voter approval for constitutional amendments after legislative approval; SB 312 to bar nondisclosure agreements for large data center projects; SS1 for SB 289 to change State Employee Benefits Committee governance; and SB 264 to require a special election to fill a lieutenant governor vacancy.
Testimony was mixed on several measures. Arts, child care, federal worker relief, primary care, court transparency, data center transparency, and the lieutenant governor vacancy bill drew mostly supportive testimony, while SB 322 and SB 306 drew both support and opposition, especially over tax impacts and the proposed spouse/partner restriction in Rehoboth Beach. HB 440 prompted debate over whether 55% voter approval was the right threshold for constitutional amendments, and SB 312 was supported as a transparency measure by residents affected by prior data center NDAs. All of the listed measures were released from committee by roll call vote, with some members voting no on HB 440, SB 306, SB 312, SS1 for SB 289, and SB 264.
TX
Texas 89th 2nd C.S.
89th Legislative Session - Second Called Session Aug 25th, 2025
Texas House Floor Meeting
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, judicial administration, court reform, juvenile diversion, court security, mental health services, drug offenses, constitutional amendments, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support
Summary:
The House convened, received a message from the Senate, and the chair announced the signing of HB 4 in the presence of the House. The clerk then read a large number of first-reading measures and referred them to committees. Among the notable bills, SB 1 by Senator Perry on campground and youth camp safety was referred to the Committee on Disaster Preparedness and Flooding. Several House resolutions dealing with House rules, quorum, attendance, and penalties for members who missed sessions or broke quorum were referred to the Committee on House Administration, including HR 5, HR 17, HR 18, HR 34, HR 41, and HR 58.
The House also referred a broad slate of resolutions to the Committee on Local and Consent Calendars, including measures by Riddell, Craddick, Toth, Leo Wilson, Schofield, Gehan, Bella Montgomery, Hinojosa, Schoolcraft, Little, Meyer, Luhan, Orr, Johnson, Harris Davila, Lopez, Cameron, Gonzalez of El Paso, Wharton, Flores, Dyson, and Harless. These referrals covered many individual House resolutions and concurrent resolutions, but no debate or votes were recorded in the transcript.
At the end of the proceedings, the House recessed until noon pursuant to a previously adopted motion.
TX
Transcript Highlights:
- We appreciate and recognize the rate compression policy. and lowering the rate for all taxpayers helps
- What's your all's tax rate?
- We have typically adopted a rate lower than the voter approved rate in the last several years in order
- to keep our property tax rate low.
- If rates go up, if they're not lowered, somebody's going to pay. for that higher rate.
Keywords:
HB 8, school finance, compressed tax rate, maximum compressed tax rate, MCR, PYMCR, property tax, school district taxes, Education Code, Tax Code, state aid, school funding formula, local school taxes, Texas school finance, tax rate compression, public education funding, ad valorem tax, tangible personal property, income-producing property, business personal property
TX
Texas 89th Regular
89th Legislative Session - Second Called Session Aug 16th, 2025
Texas House Floor Meeting
Keywords:
appropriations, funding, budget, state finance, public services, public education, teacher compensation, certification, school finance, educator rights, education funding, charter schools, staff compensation, state aid, retention allotment, rural health, hospital funding, healthcare access, mental health services, financial stability
TX
Texas 89th Regular
89th Legislative Session - First Called Session Aug 14th, 2025
Texas House Floor Meeting
Keywords:
appropriations, funding, budget, state finance, public services, public education, teacher compensation, certification, school finance, educator rights, education funding, charter schools, staff compensation, state aid, retention allotment, rural health, hospital funding, healthcare access, mental health services, financial stability
TX
Texas 89th Regular
89th Legislative Session - First Called Session Aug 13th, 2025
Texas House Floor Meeting
Keywords:
appropriations, funding, budget, state finance, public services, public education, teacher compensation, certification, school finance, educator rights, education funding, charter schools, staff compensation, state aid, retention allotment, rural health, hospital funding, healthcare access, mental health services, financial stability
TX
Transcript Highlights:
- Excuse me, the old rollback rate, but now we call it the voter-approved rate.
- tax rates at the voter-approval tax rate, and how often voters have approved tax rates in excess of
- the voter-approval rate.
- rate, and 19% of cities approved by voters tax rates above the voter-approval rate.
- counties had tax rates above the voter-approval rate that were approved by voters.
Bills:
SB9
Keywords:
property tax, ad valorem tax, voter-approval tax rate, no-new-revenue tax rate, tax rate calculation, Tax Code, local government finance, municipality, county, special taxing unit, sales and use tax, property tax cap, tax rollback, tax levy, maintenance and operations, debt rate, disaster relief rate, Texas Legislature, local taxing unit
Summary:
The Senate Committee on Local Government met to hear Senate Bill 9, which would lower the voter-approval tax rate for certain local taxing units from 3.5% to 2.5%. Sen. Bettencourt, the bill author, argued the change would continue the state’s property tax reforms begun in 2019, slow local levy growth, and give voters more say over larger tax increases. He and supporters cited data showing property tax levies have grown faster than population plus inflation, and said the bill would help protect taxpayers while preserving the state’s broader investments in school tax relief, water, rural law enforcement, and ambulance funding.
Supporters included the Texas Taxpayers and Research Association, the Texas Association of Business, the Texas Public Policy Foundation, and the Texas Association of Manufacturers. They said the bill would improve transparency, encourage more disciplined budgeting, and create certainty for homeowners and businesses. They argued that lower tax-rate growth would help attract and retain employers and investment, and that voters would still be able to approve higher rates when needed.
Local officials and other opponents said the bill would constrain cities and counties facing rapid growth, inflation, infrastructure needs, and public safety costs. Testimony from county judges, city finance officials, firefighters, and urban county representatives emphasized pressures from jail operations, roads, water, EMS, police and fire staffing, and unfunded mandates. Several witnesses asked for carve-outs or exemptions for public safety and disaster-related costs, warning that a one-size-fits-all cap could force service cuts or shift costs elsewhere. The committee heard extensive questioning but no final vote or disposition on the bill was taken in the portion provided.