Federal funding protection trust fund established, conditional receipt and remittance of federal funds provided, and report required.

This bill creates a new state trust fund to temporarily hold federal money when the governor believes it has been unfairly suspended, delayed, or withheld. The fund is designed to protect state programs and local services from disruptions while ensuring the money remains dedicated to its original federal purpose. State officials can place funds in the trust and release them once the federal government confirms the money is available again or when holding it risks legal problems. The bill also requires regular reports to the legislature on how much money is held and why, while explicitly stating the state cannot collect federal taxes or take on federal legal liabilities.