The proposed bill would update current statutes by introducing new reporting requirements and appropriations for various state departments, particularly focusing on the fiscal years 2025-2026 and 2026-2027. It would require school districts to include deferred appropriation monies in their revenue estimates for computing tax rates for FY 2026, ensuring that these funds are accounted for in financial planning. Additionally, the bill mandates a one-time deposit of $94,137,900 into the New School Facilities Fund, with stipulations for use tied to timely approvals. Moreover, the bill would remove existing language that lacks specificity regarding reporting requirements and enhance accountability by requiring quarterly reports from the Department of Administration and the Superintendent of Public Instruction on expenditures from federal funds. It also clarifies definitions related to appropriations and expenditure authority, ensuring consistent financial reporting across departments. Overall, the bill aims to improve transparency and effective use of state funds while maintaining existing statutory language.