This bill proposes the termination of the Mediation and Arbitration Trust Fund within the State Courts System. It outlines the procedures for this termination, including the transfer of all current balances and revenues from the trust fund to the State Courts Revenue Trust Fund. The bill mandates that the State Courts Revenue Trust Fund be utilized to settle any outstanding debts or obligations of the terminated fund, and it requires the Chief Financial Officer to close out and remove the trust fund from state accounting and financial systems in accordance with generally accepted accounting principles.

The effective date for this act is set for July 1, 2026. The bill aims to streamline the financial management of the State Courts System by eliminating the Mediation and Arbitration Trust Fund and ensuring that its resources are appropriately allocated to settle any remaining obligations.