Video & Transcript Research : 'perpetual care trust fund'

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TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 7th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • Currently, Chapter 712 does not contain a confidentiality provision specific to perpetual care cemetery
  • House Bill 3803 adds a confidentiality provision to perpetual care cemeteries, which mirrors the confidentiality
  • Perpetual Care Cemetery information is confidential. Yes, sir.
  • There are strict requirements they have to meet under Chapter 712 regarding the professional care trust
  • I'm sorry, was your question, has any perpetual care cemetery failed in the past?
TX

Texas 89th Regular

Business and Commerce May 13th, 2025

Business & Commerce

Transcript Highlights:
  • delinquency charges since fiscal. year 2019 and the Finance Commission no longer receives appropriated funds
  • Care Summit and Perpetual Care Trust funds.
  • care cemeteries for prepaid funeral contracts.
  • House Bill 3806 relates to prohibiting activities of a state trust company under supervision.
  • cleanup bill requested by the Texas Department of banking, I would close a loophole by clarifying that trust
TX

Texas 89th 2nd C.S.

Business and Commerce May 13th, 2025

Business & Commerce

Transcript Highlights:
  • The comptroller then deposits the collected fees to the credit of the general revenue fund for allocation
  • care cemeteries and perpetual care trust funds.
  • care cemeteries for prepaid funeral contracts.
  • House Bill 3806 relates to prohibited activities of a state trust company under supervision.
  • It would prohibit supervised trust companies from engaging in any other activity the banking commissioner
TX
Transcript Highlights:
  • Funds as they are self-directed and semi-independent.
  • care and perpetual care trust funds.
  • care cemeteries for prepaid funeral contracts.
  • House Bill 3806 relates to prohibited activities of a state trust company under supervision.
  • companies under supervision may not... ...and would close a loophole by clarifying that trust companies
Summary: The committee first took up pending business and favorably reported several House bills without opposition, including HB 11, HB 132, HB 1041, HB 1606, HB 2286, and HB 5061. Each was moved out of committee with a recommendation that it do pass and be printed, and several were also recommended for the local and uncontested calendar. The committee then heard HB 3306, which would extend existing construction-contract indemnity exceptions to electric infrastructure construction, maintenance, and vegetation management work for electric utilities and transmission and distribution utilities. The sponsor said the bill would reduce litigation and insurance costs for ratepayers, while construction industry witnesses argued it would shift liability onto subcontractors and create broad-form indemnity in a way Texas law has generally prohibited since 2011. HB 3306 was left pending. The committee also heard HB 4739, a Comptroller-requested cleanup bill to repeal an outdated Finance Code provision requiring remittance of a portion of certain delinquency charges to the state, and HB 3803, HB 3804, and HB 3806, all Department of Banking-requested cleanup bills dealing with confidentiality and supervision rules for perpetual care funds, state banks, and trust companies. Those bills were briefly explained and left pending without testimony. HB 4219, aimed at improving Public Information Act compliance by requiring timely notice when records do not exist or are being withheld, allowing complaints to the Attorney General, and imposing training and fee consequences for noncompliance, drew support from a journalist and a policy analyst and was also left pending. The committee then heard HB 4238 on coerced debt and identity theft. The sponsor explained that the committee substitute narrows the bill to court-ordered findings of identity theft/coerced debt, gives collectors seven business days to stop collection activity, and removes a section to avoid litigation over court orders. A law professor and a family violence advocate testified in strong support, describing coerced debt as a barrier for domestic violence and elder abuse survivors trying to rebuild credit and access housing, jobs, and utilities. The bill was left pending. HB 1522, which would require local governments to post meeting notices three business days in advance and make budget materials more accessible online and in physical form, also drew support, though a school business officials representative raised concerns about the timing language, proposed-budget wording, and taxpayer impact statements for school districts; the bill was left pending after discussion. Later, the committee heard additional pending bills, including a PUC background-check bill that would expand the commission’s authority to check current employees and contractors and obtain FBI criminal history information, HB 3805 updating money services business regulation, HB 431 extending HOA solar-panel protections to solar tiles, and HB 3228 and HB 3229 on wind and solar recycling financial assurance and recycler solvency. HB 3228 received support from a Sierra Club witness who said recycling and disposal plans are needed for end-of-life renewable energy equipment, and HB 3229 was described as requiring recyclers to show financial resources at 125 percent through a letter of credit or bond. These bills were heard and left pending.
TX

Texas 89th Regular

Business and Commerce May 13th, 2025

Business & Commerce

Transcript Highlights:
  • This bill seeks to improve government efficiency Funds as they are self-directed and semi-independent
  • care and perpetual care trust funds.
  • care cemeteries for prepaid funeral contracts.
  • care cemeteries for prepaid funeral contracts.
  • House Bill 3806 relates to prohibited activities of a state trust company under supervision.
Summary: The Senate Committee on Business and Commerce met with a quorum and first took up pending business, reporting several House bills favorably to the full Senate, including HB 11, HB 132, HB 1041, HB 1606, HB 2286, and HB 5061, with some also recommended for the local and uncontested or contested calendars. The committee then heard and left pending HB 3306, which would extend construction-contract indemnity exceptions to electric infrastructure work, including construction, maintenance, and vegetation management for utilities. Supporters said it would align utility infrastructure work with public works and reduce litigation and ratepayer costs, while opponents argued it would shift liability onto subcontractors and create broad-form indemnity concerns. Members also heard HB 4739, a Comptroller-requested cleanup bill repealing an outdated Finance Code provision tied to delinquency charges on retail charge accounts, and left it pending without testimony. The committee then considered several Department of Banking cleanup bills, including HB 3803, HB 3804, and HB 3806, all left pending after brief explanations and no public opposition. HB 4219, dealing with public information requests, drew support from a journalist and a policy analyst who said it would improve transparency by requiring timely responses, notice when records do not exist, and training or fee consequences for noncompliance; it was left pending. The committee also heard HB 4238, a committee substitute addressing coerced debt and identity theft, which would bar collection of certain debts from victims who obtain a qualifying court order. A law professor and a family violence advocate supported the bill as narrow, protective relief for domestic violence and elder abuse survivors, and it was left pending. Other bills heard and left pending included HB 1522 on local government budget meeting posting and taxpayer impact disclosures, HB 4344 authorizing background checks for PUC employees and contractors, HB 3805 updating money services business regulation, HB 431 extending solar-panel HOA protections to solar tiles, HB 3228 and HB 3229 on wind and solar recycling financial assurance, and HB 1922 clarifying the accrual date for construction defect claims under right-to-repair law. The committee recessed subject to the call of the chair.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Aging and Independence May 11th, 2026

Joint Committee on Aging and Independence

Transcript Highlights:
  • Are you aware of any other executive offices that have trust funds similar to the one in this bill?
  • stream through a trust fund that will be overseen by the Executive Office of Aging and Independence.
  • AARP supports the bills as proposed because the trust fund will pay for assisted living certification
  • In addition, AARP supports the trust fund using revenues collected from certification, applications,
  • known as the Assisted Living Residence Trust Fund.
Bills: H5243, H5376, S3056, S3057
Summary: The Joint Committee on Aging and Independence heard testimony on two sets of bills: Senate 3057/House 5376, concerning assisted living residences, and Senate 3056/House 5243, concerning medication administration in rest homes. On the assisted living bills, MassALA supported the proposal but urged amendments to clarify and limit fines and to specifically authorize certified medication aides for limited medication administration in assisted living. AARP and the state long-term care ombudsman supported the bills and the new trust fund, with AARP backing the use of certification fees and fines to fund oversight, and the ombudsman emphasizing the need for more staffing and resources to address complaints, evictions, billing issues, and resident advocacy. MassNAELA also supported the bills but asked for additional provisions on executive director licensure, building code and emergency preparedness standards, and broader task force membership; committee members said they would review draft language and noted that building code changes would require further study. The rest home bills drew testimony from providers and industry groups who opposed the Department of Public Health’s proposed shift away from the long-standing “responsible person” medication model toward a MAP-based framework. Witnesses from rest homes, MARCH, and LeadingAge Massachusetts said the responsible person system has been used for decades, is safe and affordable, and is tailored to rest homes’ resident population and staffing realities. They warned that requiring certified medication aides or nurses would sharply increase costs, worsen workforce shortages, and could force closures or resident displacement. Several witnesses said they were open to strengthening training and oversight, but wanted a task force or collaborative process rather than immediate regulatory replacement of the current model. Committee members asked questions about the history of the responsible person model, how medication administration works day to day, whether other states use similar systems, and whether data exist comparing medication error rates. The chairs indicated interest in moving the rest home bill sooner rather than waiting for additional fire marshal or building-code work on the assisted living side, and asked witnesses to submit proposed language and any supporting data in writing. The hearing concluded with thanks to the chairs and a motion to adjourn, which was approved.
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations - Human Resources Division Apr 15th, 2025 at 09:00 am

Appropriations - Human Resources Division

Transcript Highlights:
  • money if you would like the money from this bill, some place we'd have to get it from the general fund
  • is 2399, and that's related to PRTFs and how they're billing and how that's reimbursed for direct care
  • How they're billing and how that's reimbursed for direct care.
  • So I do think we need to put funding in for those, but I think I'd just as soon email the folks on the
Bills: HB1012
Summary: The Senate Appropriations Human Services Division met to consider House Bill 1012, the Department of Human Services budget, and reviewed three previously made amendments: correcting a reference to $30 million underfunding, changing “human service centers” to “behavioral health clinics,” and revising section 31 language so the department would review medical assistance services and report findings and recommendations rather than directly implement adjustments. The committee also discussed whether to include funding related to two other bills with fiscal impacts, House Bill 1485 (personal needs allowance) and House Bill 2399 (PRTF reimbursement), noting those measures may go to conference committee and that appropriations could be added there instead of in HB 1012. The committee agreed to proceed with HB 1012 and members noted provider inflation questions would be raised later in full committee. The division then approved a due pass recommendation on the amendments to HB 1012 and, after a roll call vote, approved HB 1012 as amended on a 4-1 vote, with Senator Mathern voting no. Senator Davison was named as carrier. Members also discussed House Bill 1577, involving wastewater project financing and possible amendments related to a line of credit from the Bank of North Dakota for specific projects, and House Bill 1619, for which additional amendments were expected before full committee action. The meeting ended with general thanks and adjournment.
OK

Oklahoma 2026 Regular Session

Rules Apr 23rd, 2026

Rules

Transcript Highlights:
  • So we would move $1 billion over to this new fund, which we're calling the Oklahoma's Futures Trust Fund
  • And so none of these funds are taxpayer funds. Is that correct?
  • So you're saying that this trust fund is funded perpetually by taxes that are charged on tobacco?
  • So you're saying that this trust fund is funded perpetually by taxes that are charged on tobacco?
  • is funded?
Summary: The committee first considered House Bill 3711, which was described as a work in progress aimed at increasing transparency for taxpayers about instructional expenditures in school bond communications. Members questioned whether the bill changed what districts may bond for, and the author said it did not alter the bond process, only added communications. After title was struck, the bill passed committee 13-5. House Bill 4104, dealing with repeat peeping Tom and clandestine recording offenses, was presented with an amendment adding conduct involving three or more separate victims as a basis for felony treatment. The amendment was adopted after questions about its legal basis and a recent court decision. The bill as amended then passed committee unanimously, 18-0. The committee also took up House Joint Resolution 1077, which would send to voters a proposal to move $1 billion from the Tobacco Settlement Endowment Trust corpus into a new Oklahoma’s Futures Trust Fund. The proponent said the T-SET board would remain in place, the corpus would stay protected, and annual earnings from the new fund would be split between reinvestment and legislative appropriations for health and education. Opponents argued the measure would shift money from an independent endowment to a politically controlled process and could weaken existing T-SET programs. After debate, the resolution passed committee 14-4. Finally, House Bill 3327 proposed expanding the State Board of Education from seven to nine members, with appointments divided among the governor, speaker, and president pro tem, and allowing removal only for cause. Members raised questions about geographic representation and vacancy appointments, but the bill passed as amended 15-2. House Bill 3329, a trailer bill related to sunset legislation, added a July 1, 2027 sunset for the Board of Psychological Examiners after concerns about its handling of a complaint and a recent court ruling; it passed as amended 14-2, and the committee then adjourned.
AL

Alabama 2025 Regular Session

Alabama House Ways and Means General Fund Committee Apr 1st, 2025

Ways and Means General Fund

Transcript Highlights:
  • And again, no additional supplemental funds. I do have a sub, Mr. Chairman. Funds.
  • House Bill 183 by Representative Warren, Children's First Trust Fund for appropriations for the fiscal
  • This act involves tobacco settlement revenues deposited in funds within 30 days of receipt. ...funds
  • This bill will appropriate the sum of $36,600... ...$36,637 from the Children's Trust Fund for the fiscal
  • The money will be distributed to the Alcohol Beverage Control Board, the Children's Trust Fund, and the
OK

Oklahoma 2026 Regular Session

Appropriations and Budget Health Subcommittee Feb 9th, 2026 at 04:30 pm

A&B Health Subcommittee

Transcript Highlights:
  • I can go into more detail, but obviously this is an issue that is going to require funding.
  • I'm just concerned that funding being an issue with a little bit of budget uncertainty.
  • find an alternate path or an alternate funding source, that would be even better.
  • And the only thing preventing them from moving forward is having a revolving fund.
  • at the Department of Health, rather than having those funds go back to OME.
NM

New Mexico 2026 Regular Session

House - Agriculture, Acequias And Water Resources Feb 3rd, 2026 at 09:03 am

House Agriculture, Acequias And Water Resources

Transcript Highlights:
  • the grant requirements and reporting processes and it creates the Equine Welfare Trust Fund. seeded
  • So, if you look at the trust fund, if you took the first distribution after one year with an average
  • funding.
  • Like the severance tax permanent fund, the tobacco settlement permanent fund, the water trust fund, the
  • If we're going to fund it, let's fund it to that fund and not create another fund that requires two state
Bills: HM26, HB243, HB109
OK

Oklahoma 2026 Regular Session

Rules Apr 23rd, 2026 at 08:30 am

Rules

Transcript Highlights:
  • Senator Erkstrom, do you care to vote?
  • So, we move $1 billion over to this new fund, which we're calling the Oklahoma's Futures Trust Fund.
  • Every year, this money that this fund would generate 20% of it would roll back into the fund to keep
  • Senator, that is funded right now by the TE board, and that could still continue to be funded by the
  • It could also be funded by the legislative control of this new fund as well.
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Apr 24th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • I just know, as you and I have talked about... ...the climate general fund budget's going to have that
  • HB183, children's first trust fund. There is no amendment to this bill.
  • This bill addresses hospitals and private hospital assessments for Medicaid funding.
HI

Hawaii 2026 Regular Session

HOU Public Hearing 01-27-2026

Housing

Transcript Highlights:
  • funds versus committed funds.
  • </c> account and appropriates funds. account and appropriates funds.
  • Roar and Cares Development in support. Roar and Cares in<00:14:01.760><c> support.
  • </c> and there so no additional funding. and there so no additional funding.
  • :51.280><c> funding,</c> of the funding, of the funding, &gt;&gt; right?
TX

Texas 89th Regular

Trade, Workforce & Economic Development Apr 23rd, 2025

Trade, Workforce & Economic Development

Transcript Highlights:
  • The Texas Construction Trust Fund Act was enacted over 30 years ago to protect payments designated as
  • trust funds for subcontractors and suppliers in construction projects.
  • by restoring the ability to reassign trust fund claims.
  • Historically, the assignment of trust fund claims offered a clear remedy.
  • It is not clear that the trust fund claims can be assigned to the party that's had to pay twice.
TX

Texas 89th Regular

Trade, Workforce & Economic Development Apr 23rd, 2025

Trade, Workforce & Economic Development

Transcript Highlights:
  • Members, we know that lack of child care or difficulties getting child care has led to some issues in
  • The Quad Agency Child Care.
  • For example, during the pandemic, child care providers innovated rapidly to adapt to new health care
  • Demonstrating our ability to respond to crises and maintain high standards of care, including child care
  • In conclusion, the Quad Agency Child Care Initiative Commission, with the inclusion of child care business
AL

Alabama 2026 Regular Session

Alabama House Ways and Means Education Committee Feb 4th, 2026

Ways and Means Education

Transcript Highlights:
  • the capital grant program, the ENT fund, another fund, or any other fund.
  • </c> funding that through the legislature. funding that through the legislature.
  • fund, advancement technology fund, then they're going to have to use that money for this.
  • That number two, if they receive the education trust fund, advancement technology fund, then they're
  • </c> uh funding mechanism for that. uh funding mechanism for that.
Bills: HB187, HB341, HB4, HB175, HB326
MN

Minnesota 2025-2026 Regular Session

House Education Finance Committee 3/17/26

Education Finance

Transcript Highlights:
  • </c><00:20:06.640><c> trust</c><00:20:06.880><c> funds,</c> some some other state trust trust funds,
  • And then on top of trust fund, etc.
  • </c><00:25:06.400><c> fund</c> governing the school trust fund governing the school trust fund endowment
  • </c><00:43:41.119><c> fund</c><00:43:41.599><c> here,</c> to our trust fund here, to our trust fund here
  • The permanent school trust fund is the students' trust fund.
Bills: HF3900
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Mar 19th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • In general, who keeps track of how these funds are spent?
  • You know, if these funds are for the office of the sheriff for law enforcement purposes, that's anything
  • My bill says for my sheriff to be able to expand the use of funds from simply jail expenditures to...
  • I want to be careful; I don't want to become too overbearing on this, but I think we need to have some
Bills: SB208, SB216, HB187
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Feb 16th, 2026 at 10:48 pm

House Appropriations & Finance

Transcript Highlights:
  • Relieve the early childhood trust fund rather than increase general funds.
  • And we now have a liability outside of the Early Trust Fund in those state agencies when they come back
  • And the biggest give and take of all 250 agencies was figuring out how to fund universal child care.
  • How much was spent in my own county here in Santa Fe for child care funding last month? Mr.
  • Trust Fund based on the original substitute for Senate Bill 241, which had that billion dollar figure
Bills: SB132, SB241