A bill for an act relating to state finances, including by making, modifying, limiting, or reducing appropriations, distributions, or transfers, authorizing expenditure of unappropriated moneys in special funds, providing for properly related matters including prohibiting state membership in the Iowa individual health benefit reinsurance association, making corrections, and including effective date and retroactive applicability provisions.

House File 1055 is a state finance bill that makes various adjustments to appropriations and transfers for the fiscal year beginning July 1, 2025. It limits funding for nonpublic school pupil transportation and sets instructional support state aid to zero for that fiscal year, directly affecting schools. The bill also allows salary adjustments to be funded from unappropriated moneys in specific state special funds. Additionally, it transfers over $21 million from the taxpayer relief fund to the general fund to support school foundation aid, and reduces amounts for school districts and area education agencies by $25 million. The bill also includes technical corrections to other state laws.