The proposed bill, if enacted, would update current statutes by allowing counties with populations under 250,000 to meet fiscal obligations for the fiscal year 2026-2027 from any designated source of county revenue, including funds from countywide special taxing jurisdictions. This provision would also impose a cap of $1,250,000 on the amount that can be used for purposes outside the intended use of the revenue source.

Additionally, the bill mandates that by October 1, 2026, these counties must report to the Director of the Joint Legislative Budget Committee regarding their use of revenue sources for purposes other than intended, including the specific sources and amounts of revenue planned for fiscal year 2026-2027. The bill's provisions would be inserted into the current statutes, while existing laws not mentioned in the bill would remain unchanged.