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 law, which currently does not specify funding for this project.
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 condition is also a new insertion and aims to ensure that Glendale secures additional financial support for the project. Overall, the bill adds specific funding and conditions to the existing framework governing transportation funding and projects.