CAPITAL PROJECTS BUDGET

New authority granted to the budget director to withhold appropriated funds if a general fund imbalance is expected in fiscal year 2025-26, allowing the state to manage cash flow constraints.

Specific exemptions created for the new withholding provision, protecting public assistance payments, debt service obligations, and other payments that would violate federal law.

Bill status changed from Assembly-only (A3004B) to Senate-Assembly (A3004C) with additional committee actions recorded in the header.

Document tracking numbers were updated from LBD12554-03-5 to LBD12554-05-5, indicating a revision in the legislative drafting process.

Minor formatting adjustments were made to text alignment and spacing throughout the document, particularly in the header sections and line numbering.

Additional explanatory text was inserted regarding the Adirondack Park Agency's Combined Expendable Trust Fund, providing context about prior appropriations from 2012.

Added committee action language indicating the bill was discharged, amended, and recommitted to the Committee on Finance and Ways and Means.

Reorganized section numbering and moved explanatory notes about reappropriations to a new section (Section 1c) for better organization.

Reformatted the presentation of reappropriated funds to explicitly show historical funding sources from 2022 and 2020 laws alongside current appropriations.