This bill proposes to update current statutes by appropriating a total of $9,500,000 from the state General Fund for Fiscal Year 2027 to the State Treasurer, specifically for distribution to the City of Apache Junction. The funds are designated for two primary purposes: $6,500,000 for affordable housing infrastructure and $3,000,000 for housing rehabilitation and blight abatement.

The new language introduced by the bill clarifies the allocation of these funds and specifies the intended uses, thereby enhancing the existing legal framework regarding state appropriations for housing initiatives. The bill does not alter any existing statutes but adds these provisions to ensure that the funds are utilized effectively for housing-related projects in Apache Junction.