The bill proposes the termination of the Mediation and Arbitration Trust Fund within the State Courts System. It outlines that all current balances and revenues from this trust fund will be transferred to the State Courts Revenue Trust Fund. Additionally, the bill mandates that the State Courts Revenue Trust Fund will be utilized to settle any outstanding debts or obligations of the terminated fund. The Chief Financial Officer is tasked with closing out the trust fund and removing it from the state’s accounting and financial systems in accordance with generally accepted accounting principles.

The effective date for this act is set for July 1, 2026.