The bill appropriates funds from the Rebuild Iowa Infrastructure Fund (RIIF) and the Technology Reinvestment Fund (TRF) for the fiscal year 2025-2026, allocating a total of eighteen million two hundred sixty-nine thousand two hundred seventeen dollars to the TRF. It also deletes a previous appropriation of twenty-one million one hundred thirty-one thousand eight hundred seventy-three dollars from the RIIF to the TRF for the fiscal year 2024-2025. Notable allocations include $8.2 million for the Department of Agriculture and Land Stewardship for water quality projects, $10 million for renewable fuel infrastructure, and $25.6 million for the Board of Regents to support state universities.

Additionally, the bill modifies the reversion timelines for unencumbered or unobligated funds, extending the availability for expenditure from three years to four years after the end of the fiscal year for which the appropriation was made, or until project completion. This change particularly affects appropriations related to the Department of Corrections. The bill also amends the standing appropriation to the TRF from the general fund, changing the fiscal year start date from July 1, 2025, to July 1, 2026, and ensures continued funding for technology projects across various departments. The provisions of this bill take effect immediately upon enactment.

Statutes affected:
Introduced: 8.57, 8.33