If enacted, this bill would update current statutes by allowing counties with populations under 250,000 to meet fiscal obligations for the fiscal year 2025-2026 from any designated county revenue sources, including special taxing jurisdictions. The bill specifies that a county may not allocate more than $1,250,000 for purposes outside the intended use of the revenue source. Additionally, it mandates that these counties report to the Director of the Joint Legislative Budget Committee by October 1, 2025, detailing any use of revenue sources for unintended purposes and the specific sources and amounts intended for use in the upcoming fiscal year.

The bill introduces new provisions that are not currently part of the law, specifically addressing the fiscal management of smaller counties and their reporting requirements. The existing statutes remain unchanged, but the new language clarifies the financial operations and accountability measures for these counties, ensuring they adhere to the specified limits and reporting obligations.