The bill HB2911 makes changes to the budget implementation for the fiscal year 2024-2025. It stipulates that any unrestricted federal monies received by the state from July 1, 2024, through June 30, 2025, must be deposited into the state general fund and used for essential government services. This provision is retroactive to June 30, 2024.

Additionally, the bill specifies that for fiscal years 2024-2025, 2025-2026, and 2026-2027, the legislature is not obligated to appropriate or transfer monies from the budget stabilization fund. For the fiscal year 2024-2025, the budget stabilization fund cap of 10 percent of the state general fund revenue is suspended, and the state treasurer is prohibited from transferring any surplus monies from the budget stabilization fund to the state general fund.