This bill proposes to amend current statutes by redirecting the FY 2024 appropriation of $15,300,000 from a nonprofit organization operating a rodeo at the Yavapai County Fairgrounds to the City of Prescott for the renovation and repair of the city's rodeo grounds. The current law specifies the funds are to be distributed to a nonprofit organization, which will be deleted from the statute, and replaced with language that specifies the funds will go to the City of Prescott.

Additionally, the bill includes provisions to exempt the appropriation to the City of Prescott from lapsing, ensuring that the funds remain available for their intended purpose. It also makes conforming changes to existing laws to reflect these updates. The bill will take effect upon the Governor's signature.