Bill > SB262

This bill makes changes to the Capital Construction Fund and the Information Technology Capital Account, including transfers from the General Fund and the Marijuana Tax Cash Fund, and specifies how unexpended balances and interest will be handled in future fiscal years. * **Capital Construction Fund Transfers from General Fund:** * $18,971,100 on April 1, 2024. * $162,778,285 on July 1, 2024. * $129,498,033 on July 1, 2025. * These transfers are from the General Fund. * **Information Technology Capital Account Transfers from General Fund:** * $63,913,988 on July 1, 2023. * $70,811,334 on July 1, 2024. * $20,557,433 on July 1, 2025. * These transfers are from the General Fund. * **Capital Construction Fund Transfers from General Fund Exempt Account:** * $500,000 on July 1, 2023. * $500,000 on July 1, 2024. * $500,000 on July 1, 2025. * These transfers are from the General Fund Exempt Account. * **Information Technology Capital Account Transfer from Marijuana Tax Cash Fund:** * $3,230,000 on July 1, 2025. * This transfer is from the Marijuana Tax Cash Fund. * **Handling of Unexpended Balances and Interest:** * For fiscal years commencing on or before July 1, 2024, unappropriated balances and interest in the Capital Construction Fund and the Information Technology Capital Account remain in those funds. * For fiscal years commencing on or after July 1, 2025, unappropriated balances and interest in both the Capital Construction Fund and the Information Technology Capital Account will be transferred to the General Fund. * Unexpended or unencumbered money from appropriations for these funds will revert to the Capital Construction Fund or the Information Technology Capital Account for fiscal years on or before July 1, 2024, and to the General Fund for fiscal years on or after July 1, 2025.