Video & Transcript Research : 'replacement cost value'

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HI

Hawaii 2026 Regular Session

CPC Public Hearing - Tue Mar 31, 2026 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • Requires homeowners insurers to provide policyholders with annual disclosures of replacement value cost
  • cost was exactly even if the replacement cost was exactly right<01:17:26.600> on<01:17:26.760
  • the cost to rebuild or replace. the cost to rebuild or replace.
  • cost and value of said improvements. cost and value of said improvements.
  • <01:49:51.880> cost to reevaluate the replacement cost to reevaluate the replacement cost
Summary: The committee first heard HCR 168 and HR 158, which would create a temporary working group to study utility capacity, coastline infrastructure lifespan, and the costs of needed expansions. Public Utilities Commission staff said the commission was not the right entity to direct all of the work because it lacks authority over many affected agencies. Members discussed whether the study should be limited to a coastal area or broadened to the whole island, and in decision-making the committee amended the measure to focus on the County of Honolulu, correct references to the Public Utilities Commission, and revise the working group membership to include the PUC chair, legislative designees, and directors or designees from DLNR, DOT, HIEMA, and DCCA Consumer Advocacy. The committee then passed both resolutions with amendments; the vote was adopted unanimously, with some members excused. The committee next considered HCR 145 and HR 137, which would convene a working group on climate change impacts on insurance availability and affordability. The Insurance Division stood on its written comments, the Climate Change Mitigation and Adaptation Commission supported the intent, and the Attorney General opposed the measure, warning that a working group could create discoverable materials that might complicate the state’s climate litigation and noting a technical ambiguity in the reference to the Hawaii Hurricane Relief Fund administrator. After questions about discovery and the lawsuit, the committee amended the resolutions to replace the administrator reference with the chair of the Hawaii Hurricane Relief Fund Board of Directors, remove the Attorney General as convener while keeping the office as a member, and have the working group share findings and recommendations with the House CPC and Senate CPN committees instead of issuing a report. The committee passed the measures with amendments, with Rep. Martin voting with reservations. In the later agenda, the committee heard SB 2607, SD 1 on landscape architect licensure. The Board of Professional Engineers, Architects, Surveyors, and Landscape Architects supported the bill, explaining it modernizes licensure requirements to align with national standards and clarifies the profession’s design-focused role. The bill was discussed as distinguishing landscape architecture from groundskeeping and from civil engineering drainage work. No opposition was heard. The committee also heard SB 2031, SD 2 on consumer protection and price transparency for live ticket events and short-term lodging. The Office of Consumer Protection supported the bill, saying it largely mirrors an FTC rule requiring all-in pricing and would give the state enforcement authority and remedies. The Hawaii Financial Services Association opposed the bill as drafted and sought a limited exemption for credit card issuers relying on third-party hotel information, while the Hawaii Hotel Alliance supported the measure but asked for language deeming compliance with the federal rule sufficient for short-term lodging. Committee members questioned whether those proposed exemptions would conflict with federal law or weaken state enforcement, and the discussion focused on preemption, liability, and the value of state remedies such as restitution.
MN

Minnesota 2025-2026 Regular Session

House Transportation Finance and Policy Committee 4/15/26

Transportation Finance and Policy

Transcript Highlights:
  • or as they're defined in law replacement or as they're defined in law replacement service<00:08:
  • would be in that category of replacing would be in that category of replacing the<01:09:30.719><
  • :19:15.280> importantly replacement at no cost and importantly replacement at no cost and importantly
  • Some deputy registrars are replacing these plates at no cost, while others are charging the fees.
  • estimate of what that that cost will be. estimate of what that that cost will be.
Bills: HF4693
Summary: The Transportation Finance and Policy Committee approved the April 13, 2026 minutes and then heard a presentation from Charles Carlson of Metropolitan Transportation Services on regional transit governance and finance in the Twin Cities area. Carlson reviewed the history of transit governance from private streetcars and buses to public control, including the creation of the Met Council and Metropolitan Transit Commission in 1967, later fragmentation through suburban opt-outs and the Regional Transit Board, and the 1994 consolidation that made Metro Transit part of the Met Council. He also explained the role of the Transportation Advisory Board as a state-created advisory body to the council’s federally designated MPO function, and noted that any major structural change to the Met Council could trigger federal redesignation requirements. The presentation then focused on funding changes over time. Carlson said transit was long supported by fares, property taxes, and federal aid, but that property taxes for operations were prohibited in 2001, federal operating assistance ended, and the state shifted to general fund support and then motor vehicle sales tax revenue. He described the 2006 constitutional dedication of motor vehicle sales tax, the volatility of that revenue during the Great Recession, and the use of one-time state appropriations and later federal COVID relief to cover operating gaps. He said the 2023 legislature created the regional 3/4-cent transportation sales tax to stabilize transit operations, reduced the state’s rail operating obligation, and moved Metro Mobility/Metro Move into a state forecast-based program effective in 2025. Members asked several questions about the structure of suburban “opt-out” providers, including Maple Grove and Plymouth, and how they can contract with Metro Transit or private providers while still retaining control of their allocated funds. Carlson explained that replacement service municipalities receive statutory and formula allocations and choose how to use them. He also described Metro Move as a waiver-based service begun in 2024 that uses human services and Medicaid funds to reduce pressure on the state general fund. Later discussion covered ridership and service shares, with Metro Council providing the vast majority of regional transit service and suburban providers accounting for a small share. No votes or bill actions were taken beyond adoption of the minutes; the chair indicated a bill would be taken up later in the meeting.
NM

New Mexico 2026 Regular Session

House - Education Jan 28th, 2026 at 08:33 am

House Education

Transcript Highlights:
  • Also, if you think about just the cost of health care alone, If you think about just the cost of health
  • We have all these factors and the cost of living that has increased substantially.
  • You know, I believe that our members deserve a full cost-of-living adjustment.
  • I believe that our members deserve a full cost-of-living adjustment.
  • I think they deserve them, especially with the cost of living that we're incurring today.
Bills: HB40, HB100, HJR1, SB64, SB19, SB44, SB83
MN

Minnesota 2025-2026 Regular Session

House Environment and Natural Resources Finance and Policy Committee 3/3/26

Environment and Natural Resources Finance and Policy

Transcript Highlights:
  • The fund operates like an endowment, and so 5.5% of the value of the fund is drawn down each year for
  • The fund operates like an endowment, and so 5.5% of the value of the fund is drawn down each year for
  • As a result, they selected 109 proposals to recommend for funding, and those at values representing 68%
  • As a result, they selected 109 proposals to recommend for funding, and those at values representing 68%
Bills: HF3426, HF3428
MN

Minnesota 2025 1st Special Session

House Rules and Legislative Administration Committee 5/7/25

Rules and Legislative Administration

Transcript Highlights:
  • We're replacing one statute and gaining another.
  • So it would replace the state historical society with the county board of Rice County, Minnesota.
  • So it would<00:10:34.720> replace<00:10:35.600> the<00:10:36.000> state<00:10:36.240
  • > historical would replace the state historical would replace the state historical society<00:
Bills: HF3228, HF475
TX

Texas 89th 2nd C.S.

Ways & Means Apr 7th, 2025

Ways & Means

Transcript Highlights:
  • These rising costs are driving producers out of the industry.
  • The cost of grain, the cost of insurance, the cost of real estate, everything's been a little bit tougher
  • been impacted by enormous increases on our cost of goods.
  • If you can decrease their feed costs by 10 to 15%.
  • to be brought up to market value.
Bills: HB249
HI

Hawaii 2026 Regular Session

CPC Public Hearing - Tue Apr 7, 2026 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • cost value of recover full replacement cost value of covered<00:32:48.320> personal<00:32:48.840
  • And the rest, called replacement cost value, or RCV, is withheld until the homeowner rebuilds, replaces
  • And in fact, some policies, you have to pay extra for the replacement cost values.
  • And then some policies do not include replacement cost value.
  • According to the terms of their policy. replacement value cost, is that replacement value cost, is that
Summary: The committee heard several resolutions and one bill focused on energy reliability, utility infrastructure, insurance, tenant rights, and home health licensing. On the energy side, members heard HCR 203/HR 193 on a status update for the Hawaii Electric Reliability Administrator, HCR 204/HR 194 on a comprehensive PUC analysis of cost reduction and risk, and HCR 202/HR 192 creating a legislative task force on future energy pathways. Testimony on the energy measures was generally supportive from the PUC, DCCA’s Division of Consumer Advocacy, the Hawaii State Energy Office, and the Office of Hawaiian Affairs, with OHA urging that equity, native Hawaiian impacts, and public trust resources be considered alongside cost savings. The committee also heard HCR 125/HR 117 on coordinating with utilities to address aging utility poles and lines along Farrington Highway and other high-risk corridors; Hawaiian Electric supported the measure, Hawaiian Telcom and Charter Spectrum said much of the work is already underway and questioned whether the resolution was necessary, and committee questioning focused on existing double-pole tracking and the role of DOT and the PUC. The committee then took up HCR 137/HR 129 on timely reimbursement of health care claims under the clean claims statute. The DCCA Insurance Division and the Hawaii Insurers Council opposed the measure as drafted, saying it could be read to require payment beyond policy limits and could raise premiums or reduce market participation. United Policyholders supported the measure, arguing it would simply give policyholders more time to collect benefits they already purchased, and clarified that it was not intended to increase coverage beyond policy limits. The committee later amended the resolution to direct the DCCA Insurance Division to prioritize investigation and enforcement of clean claims complaints. In the decision meeting, the committee recommended and adopted passage of HCR 203/HR 193 as is, HCR 204/HR 194 with an amendment removing the eighth whereas clause, HCR 202/HR 192 with an amendment adding a committee representative to the task force, HCR 125/HR 117 as is, and HCR 137/HR 129 with amendments. The committee also heard SB 2960 SC1 on property insurance, which would extend the time policyholders have after a declared disaster to document replacement-cost claims. The Insurance Division and Hawaii Insurers Council opposed it, warning it could force coverage beyond policy limits and increase premiums, while United Policyholders supported it and said it would help disaster survivors recover benefits they already paid for; members questioned whether similar laws in other states had caused premium spikes and clarified that the bill was not intended to exceed policy limits. The committee also heard SB 2347 SD1 on multilingual tenant-rights notices, with OHA, Hawaii Appleseed, and others supporting the bill but urging restoration of language requiring landlords to directly provide the notice at lease signing. Finally, SB 2272 SD1 HD1 on home health licensing drew support from the Department of Health, SHPDA, and the Health Care Association of Hawaii, with the association requesting an effective date amendment; testimony explained that the bill would allow state licensing compliance to be demonstrated through CMS-approved accreditation or certification surveys, potentially reducing duplication and freeing state resources.
KY
Transcript Highlights:
  • > Do you know the approximate per-unit replacement cost?
  • replaced for that $7.5 million request? replaced for that $7.5 million request?
  • <00:05:24.080> cost?
  • cycle replacements. cycle replacements. >> Okay,<00:06:39.039> Mr.
  • replacement? replacement?
Summary: The committee met for its fourth budget subreview session focused on personnel, public retirements, and finance. Members approved the minutes from the prior meeting and then heard from Finance Cabinet staff on two main items: a $7.5 million request related to generator systems and a sheriff’s fees budget request. The generator request was described as a preventive, life-cycle replacement and capacity-enhancement effort for 26 generators serving Frankfort-area state buildings, intended to protect continuity of government and expand beyond basic emergency power to support continuity of services. Members asked detailed questions about how many generators would be replaced, the cost per unit, the scope of the study, and whether the work could be phased. Staff said the $7.5 million would cover a full evaluation and any resulting engineering/replacement work, but the exact number of replacements was not yet known. They estimated the initial study would cost about $500,000 to $750,000, would take six to nine months once funded, and would produce building-by-building recommendations. Staff also said typical generator life cycles vary widely, often around 15 to 20 years but sometimes longer depending on run hours and usage. The committee then reviewed sheriff’s fees, with the Division of Local Government explaining that the state reimburses counties for several statutory sheriff-related costs, especially court security, which accounts for more than 90% of the claims. Staff said the current budget base is about $20 million, while actual spending has been running above $23 million, leading to a $3.5 million growth request to align the base with projected spending and reduce the need for non-general fund expenditure (NGE) adjustments. Members asked about claim volume, county participation, reimbursement controls, and whether the request reflected growth or underfunding; staff said all 120 counties submit claims, volumes have been fairly steady, and reimbursements are governed by statute and signed monthly certifications. No votes were taken on the requests, and the meeting adjourned after questions concluded.
TX

Texas 89th Regular

S/C on Property Tax Appraisals Apr 3rd, 2025

S/C on Property Tax Appraisals

Transcript Highlights:
  • property values.
  • Values.
  • value lowered to what was market value.
  • Value to 10 percent of the previous year's value, plus the value of any new improvements.
  • The homestead appraised value can only be the lesser of two values: market value or 110% of last year's
OK

Oklahoma 2026 Regular Session

Economic Development, Workforce and Tourism 2ND REVISED Feb 24th, 2026 at 01:30 pm

Economic Development, Workforce and Tourism

Transcript Highlights:
  • value that will expire upon two years or if the property sells.
  • It's not just we said it costs this much.
  • However, if it's just on the cost approach, what about the fair market value of all of The other surrounding
  • The value attached to that construction, as you say, multifamily unit, the value attached to that is
  • This is just saying for two years max that this is going to be valued on the cost approach, which is
MN

Minnesota 2025 1st Special Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 4/3/25

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • <00:13:35.519> to provides partial wage replacement to provides partial wage replacement to
  • <00:15:32.000> striking replace striking replace striking workers<00:15:34.160> now<00:
  • Now is not the time to add unvetted UI costs and liabilities on Minnesota’s employers.
  • Costs will go up, and enterprises will be harmed. But no one goes on strike lightly.
  • It's a partial wage replacement.
AZ

Arizona 2026 Regular Session

02/16/2026 - Senate Finance

Finance

Transcript Highlights:
  • In fact, we ran the APR, and under current law that $10,000 loan would cost in total $9,000 of interest
  • With this bill, it will cost $12,000. You'll pay $12,000 in interest instead of $9,000 of interest.
  • at a time when your treatment costs are already mounting.
  • Pilots will be replaced before those technicians go away, and this is coming from a pilot.
  • To conclude, the crisis and cost of living is still squeezing Arizona's budgets.
Summary: The Senate Finance Committee approved committee amendments and then heard a series of bills covering consumer lending, health insurance, chiropractic practice, breast cancer screening, insurance claim practices, digital assets, vaccination-based reimbursement, agricultural property inspections, and aviation tax exemptions. Testimony generally split between sponsors and industry or advocacy supporters emphasizing modernization, consumer access, or fairness, and opponents raising concerns about higher costs, tax breaks for wealthy interests, or unclear policy changes. Several bills drew detailed debate over whether they would help consumers or shift costs, and multiple witnesses described personal or industry experiences in support of the health-related measures. SB 1689, which would raise consumer loan thresholds and change interest-rate tiers, was amended but failed on a tied vote after Senator Epstein opposed it as shifting costs to smaller borrowers. SB 1347, requiring coverage for fertility preservation for cancer patients, was amended and passed 4-2 after testimony from the sponsor, a nonprofit representative, and two cancer survivors. SB 1165, eliminating cost-sharing for diagnostic and supplemental breast exams, was amended and passed 5-1. SB 1206, updating rules for public adjusters and contractors after loss events, was amended and passed 5-1. SB 1649, creating a digital assets strategic reserve fund, passed 4-2 despite criticism that it was unnecessary and pro-crypto. SB 1212, barring different reimbursement rates based on vaccination status, passed 4-2. SB 1291, limiting county assessors’ ability to reclassify or inspect agricultural property for four years after a successful appeal, was amended to allow inspections if taxable improvements are made and passed 5-1 over assessor opposition. SB 1516, expanding aviation-related tax exemptions to more aircraft maintenance and repair property, passed 4-1 after supporters framed it as economic development and opponents called it a tax break for private jets. SB 1554, updating chiropractic language from “x-ray” to “diagnostic imaging,” initially failed, was reconsidered after additional questioning, and then passed 3-2 after members said the change mainly codified current practice and reduced liability concerns.
HI
Transcript Highlights:
  • c><00:15:01.360> those<00:15:01.440> those<00:15:02.560> uh<00:15:02.639> values
  • <00:15:03.040> when weather those those those uh values when weather those those those uh
  • values when it<00:15:03.279> comes<00:15:03.440> to<00:15:03.519> egg<00:15:03.760
  • >> Yes.<00:16:50.320> Replac. >> Yes. Replac. >> Yes. Replac.
  • Chair's recommendation is that we pass this out with a note in the committee report that this will cost
Summary: The joint House Committee on Tourism and House Committee on Agriculture and Food Systems heard House Bill 2585 on agricultural tourism. The bill would create statewide uniform standards for agritourism in counties that adopt such ordinances, require registration with county planning departments, and require agritourism to remain secondary and accessory to farming. The Department of Agriculture and Biosecurity supported the measure but recommended amendments to make the language more consistent and to ensure agritourism remains tied to agricultural activity; the Hawaii Farm Bureau also supported the bill with the same general guardrails, while the White Tourism Authority offered comments. A member raised concerns about a trailer/roadside-stand provision, and the department ultimately said it did not support that specific language. The chairs then recommended passage with amendments, including a definition of principal farm operations, clarification that agritourism must not interfere with on-farm operations, revised termination rules after 60 consecutive days without active production with notice and cure procedures, restoration of the department’s proposed change to the trailer language, and technical corrections. HB 2585 passed both committees unanimously with excused members noted. The committees then heard House Bill 2602 on sustainable tourism infrastructure, which would establish a matching grant program in the Department of Business, Economic Development and Tourism for capital projects that improve sustainability and climate resilience in the visitor industry. The Chamber of Commerce Hawaii testified in support. The chair recommended passage with a committee report note estimating a roughly $5 million cost and a date correction, and both committees adopted the recommendation unanimously. House Bill 1948 on single-use plastics was also heard. It would prohibit lodging establishments from providing certain personal care products in small plastic containers and impose civil penalties. The Department of Land and Natural Resources stood on its testimony, and the Department of Health supported the waste-reduction goal but suggested the language belonged in a different chapter. The chair recommended an HD1 that would omit lotions from the definition of personal care products, adopt the Department of Health’s proposed clarification about reusable containers, and correct the date; the measure passed both committees unanimously. Finally, House Bill 1960 on human trafficking was heard. The bill would require the Attorney General to develop human trafficking awareness training for transit accommodation workers, require employers to provide training, keep records, post signage, adopt prevention policies, and report suspected trafficking, with penalties and rulemaking by the Department of Labor and Industrial Relations. The Department of Labor Relations supported the intent but said the Department of Law Enforcement should be the lead agency, and the Hawaii Hotel Alliance strongly supported the bill while asking for amendments to recognize existing industry programs and apply the requirements equitably. The chair recommended an HD1 incorporating a July 1, 2027 deadline for training materials and employer training, adopting the hotel industry and DLE-related amendments, and making technical corrections; HB 1960 passed both committees unanimously.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 6th, 2026 at 05:01 pm

Senate Finance

Transcript Highlights:
  • Senate Bill 132 fixes that by expanding the equipment replacement plan to include software replacement
  • It also renames the equipment replacement revolving fund to the equipment software and replacement fund
  • This is going to be a much lower-cost solution for them. Well, I just, and I agree, Mr.
Bills: SB193, SB132, SB35, SB145
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 6th, 2026 at 09:18 am

Senate Finance

Transcript Highlights:
  • organizations, really trying to focus on improved quality and reduced costs.
  • It's in capital outlay, so it's not needed here on line 73 for tabulator replacement.
  • Chair and Senator, this is only a piece of that School of Medicine cost.
  • Moving on to page 28, also at NMSU, $8 million for costs related to a film studio.
  • It wouldn't cost you anything.
Bills: SB193, SB132, SB35, SB145
OK
Transcript Highlights:
  • It is, and that's with the cost of fuel and the dangers and risks of traveling.
  • housing tax credit from that and requires the new developments for the purposes of tax assessment be at cost
  • populated with residents so that they're still oftentimes in the completion phase, so they're at the cost
TX

Texas 89th Regular

S/C on Academic & Career-Oriented Education May 8th, 2025

S/C on Academic & Career-Oriented Education

Transcript Highlights:
  • If a district covers the cost of certification exams and associated requirements, such as Application
  • Districts must submit a formal application and documentation verifying the costs incurred, and the TEA
  • For students, it only allows one reimbursement for examination costs.
  • This allows other CTE examination costs to be reimbursed for teachers.
  • The third thing is that school districts that pay for the costs can be reimbursed by applying to the
Bills: HB 1061, HB2800
HI

Hawaii 2026 Regular Session

CPC Public Hearing - Wed Apr 22, 2026 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • impetus behind this is that if we went all the mail order, there probably going to be a reduction in cost
  • impetus behind this is that if we went all the mail order, there probably going to be a reduction in cost
  • the Public Utilities Commission to conduct a comprehensive analysis on the best paths to maximize cost
  • members, Maria to on behalf of Michelangelo, we will stand on our written testimony with comments. cost
  • reduction and minimize financial cost reduction and minimize financial risk<00:25:16.640> to<
Summary: The Committee on Consumer Protection and Commerce heard several Senate concurrent resolutions related to utilities, pharmacy access, critical infrastructure, and energy policy. STR 96 SD1 asked the Public Utilities Commission (PUC) to report on the progress of the Hawaii Electric Reliability Administrator; the PUC offered written comments and the measure later advanced as is. STR 109 SD1 urged the insurance commissioner to study expanding mail-order pharmacy use. Testimony was split: DCCA’s insurance division, HMSA, and the Hawaii Association of Health Plans supported the study, while Shipa and the Hawaii Pharmacist Association opposed it, arguing mail-order pharmacy is already available and that in-person pharmacist counseling should be preserved. The measure was ultimately deferred. The committee also heard STR 164 SD1 on protecting Hawaii’s critical infrastructure from foreign influence. Greenpeace Hawaii and 350 Hawaii strongly supported the resolution, framing it as a consumer protection and resilience measure tied to reducing dependence on imports and strengthening local food and energy systems. No opposition was presented, and the resolution was moved out as is. STR 172 SD1 HD1 directed the PUC to conduct a comprehensive analysis of ways to maximize cost reduction and minimize financial risk while meeting state goals. DCCA, the Hawaii State Energy Office, and the PUC offered comments, and Earthjustice supported the measure; it was also advanced as is. For STR 166 SD1, which concerns how the PUC should evaluate generational energy commitments, DCCA, the Hawaii State Energy Office, and the PUC provided comments, while 350 Hawaii, Greenpeace Hawaii, and others opposed any move toward LNG, arguing it would harm ratepayers and conflict with Hawaii’s renewable goals. After discussion, the committee amended the resolution to add language directing the PUC to evaluate any LNG or other imported-fuel proposal for its potential effects on or delays to the state’s renewable portfolio standards, including the 2045 deadline. The amended resolution then passed, and the committee adjourned.