This bill proposes to amend current statutes regarding the Budget Stabilization Fund (BSF) and the Statewide Infrastructure Trust Fund. Under current law, the BSF consists of monies transferred from the state general fund, and the State Treasurer is responsible for administering and investing these funds. The bill introduces a significant change by requiring that instead of the earnings from investments being credited to the BSF, they will now be transferred to the Statewide Infrastructure Trust Fund. This change aims to redirect the investment earnings towards funding transportation projects.

Additionally, the bill makes conforming changes to ensure that the new provisions align with existing statutes. The amendments will take effect on the general effective date, thereby updating the management and allocation of funds within the state's financial framework. Overall, the bill seeks to enhance the funding available for transportation projects by reallocating investment earnings from the BSF.

Statutes affected:
Introduced Version: 28-7011, 35-144, 35-190, 35-313