The proposed bill, if enacted, would update current statutes by appropriating $3,000,000 from the state General Fund for fiscal year 2025-2026 specifically for the Arizona Department of Transportation (ADOT) to distribute to the City of Glendale for the 75th Avenue reconstruction project. This appropriation is a new insertion into the existing legal framework, which currently does not specify this funding allocation.
Additionally, the bill introduces a requirement that Glendale must demonstrate a commitment for matching funds amounting to at least 20% of the total estimated project cost from sources other than the state before ADOT can distribute the appropriated funds. This stipulation is also a new insertion, ensuring that the city has secured additional financial support for the project. Overall, the bill aims to enhance the funding process for transportation projects while ensuring local investment.