The bill appropriates funds from the Rebuild Iowa Infrastructure Fund (RIIF) and the Technology Reinvestment Fund (TRF) for various projects and initiatives for the fiscal year 2025-2026. Key allocations include $1.5 million for the demolition of a fleet building, $8.2 million for a water quality initiative, $10 million for renewable fuel infrastructure, and $25.6 million for the Board of Regents to address operating fund deficiencies. Additionally, it provides funding for specific projects across departments, such as the Department of Natural Resources and the Department of Public Safety, while also allocating $3 million for technology upgrades in the Department of Corrections and $600,000 for the Department of Education.

The bill modifies existing law by changing the standing appropriation to the TRF from the general fund for fiscal years beginning on or after July 1, 2025, to those beginning on or after July 1, 2026, and replaces a previous appropriation of $21,131,873 from the RIIF with a new total of $18,269,217 for the TRF. It also extends the reversion timeline for unencumbered or unobligated moneys from three years to four years after the end of the fiscal year for which the appropriation was made, or until project completion, whichever comes first. These provisions are considered of immediate importance and take effect upon enactment.

Statutes affected:
Introduced: 8.57, 8.33