Changes to Money in the Capital Construction Fund

New language restricts the use of unexpended capital construction fund balances for additional projects beyond the original scope without capital development committee approval.

Title page was updated from 'REREVISED' to 'REVISED' and the date was changed from April 10, 2025 to April 9, 2025.

Removed the '3rd Reading Unamended' stamp and several House sponsors from the bill header.

Added '3rd Reading Unamended' status and April 10, 2025 House reading date to the bill header.

Added three new House sponsors (Garcia, Lindsay, Stewart K., Story, Valdez, Winter T.) to the House sponsorship list.

Removed restrictions on using unexpended capital construction fund balances for additional projects beyond the original scope without capital development committee approval.

Modified interest allocation provisions, removing the requirement that all interest earned from the capital construction fund must remain in the fund for fiscal years beginning on or after July 1, 2025.

Removed specific provisions regarding interest and income credit for fiscal years commencing on or before July 1, 2024.

Changed the disposition of unappropriated balances in the Capital Construction Fund from remaining in the fund to being transferred to the General Fund for fiscal years starting on or after July 1, 2025.

Modified how unexpended or unencumbered money from agency appropriations is handled, changing it from reverting to the Capital Construction Fund to reverting to the General Fund for fiscal years starting on or after July 1, 2025.

Added specific transfer amounts for July 1, 2025, totaling approximately $153.3 million from various sources to the Capital Construction Fund and IT subaccount.

Extended similar fund management rules to the Information Technology Capital Account, which was not explicitly covered in the original version.

Changed interest and income handling for fiscal years starting on or after July 1, 2025, from being credited to the Capital Construction Fund to being credited to the General Fund.

Corrected formatting inconsistencies in fund creation language to clarify that the Capital Construction Fund is properly established.

Adjusted interest allocation rules so that interest earned before July 1, 2024 stays in the Capital Construction Fund, while interest earned on or after July 1, 2025 transfers to the General Fund.

Updated specific dollar amounts for fund transfers on July 1, 2024 and July 1, 2025 to reflect accurate budget allocations.

Corrected references to subsection numbers and fixed typographical errors in statutory citations.

Changed the rule for unappropriated balances: before July 1, 2025, they stay in the capital construction fund; after that date, they transfer to the general fund.

Changed how interest earned on capital construction fund investments is handled: before July 1, 2025, interest stays in the capital fund; after that date, interest transfers to the general fund.

Added specific dollar amounts to be transferred from the general fund to the capital construction fund for fiscal years 2023, 2024, and 2025.

Added specific dollar amounts to be transferred to the information technology capital account from the general fund for fiscal years 2023, 2024, and 2025.

Added specific dollar amounts to be transferred from the general fund exempt account to the capital construction fund for fiscal years 2023, 2024, and 2025.

Eliminated the requirement that interest and income from the Capital Construction Fund be credited to the General Fund for fiscal years beginning July 1, 2025 or later.

Updated bill version designation from Engrossed to Reengrossed and added Hinrichsen to the Senate sponsorship list.

Added notice that a new bill summary will be available after third reading in the House of Introduction.

Changed the disposition of interest earned on the Capital Construction Fund: interest from fiscal years starting July 1, 2025 or later will now go to the General Fund instead of remaining in the Capital Construction Fund.

Added new subsection (1)(c) to Section 24-75-302 establishing the new interest allocation rules with specific effective dates.

Updated section references in the bill text to include the new subsection (1)(c) and corrected formatting of subsection headers.