This bill proposes to update current statutes by appropriating $36,000,000 from the state General Fund for fiscal year 2026-2027 to the Arizona Department of Transportation (ADOT). The funds are designated for distribution to the town of Chino Valley specifically for the development of the design concept report for the State Route 89 widening project between Road 5 North and Road 3 North.

Additionally, the bill stipulates that the distribution of these funds is contingent upon the town of Chino Valley demonstrating a commitment of at least $1,000,000 in matching funds, which must come from gifts, grants, and donations that are not sourced from the state. This new language replaces the existing provisions regarding the appropriation and conditions for funding, thereby updating the legal framework governing transportation funding in Arizona.