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 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 non-state sources, such as gifts, grants, and donations, before ADOT can distribute the appropriated funds. This condition is also a new insertion that aims to ensure local investment in the project. Overall, the bill modifies the existing statutes by adding these specific funding and matching requirements while leaving the rest of the current law unchanged.