General Fund Transfers To Capital Construction Fund

The act requires transfers to be made on July 1, 2023, from the general fund and the general fund exempt account of the general fund to the capital construction fund and the information technology capital account of the capital construction fund as follows: $233,361,030 from the general fund to the capital construction fund; $60,308,481 from the general fund to the information technology capital account of the capital construction fund; and $500,000 from the general fund exempt account of the general fund to the capital construction fund. APPROVED by Governor April 20, 2023 EFFECTIVE April 20, 2023 (Note: This summary applies to this bill as enacted.)