This bill addresses various aspects of state government and finances, particularly focusing on appropriations, distributions, and transfers for the fiscal year 2025-2026. It limits the standing appropriations for nonpublic school pupil transportation and instructional support state aid, setting specific funding amounts and conditions for reimbursement. Additionally, the bill allows salary adjustments to be funded from unappropriated moneys in certain special funds, and it mandates that excess funds from the Iowa economic emergency fund be used to pay foundation aid for the upcoming fiscal year.

The bill also includes corrective provisions to amend existing laws, particularly regarding crystalline polymorph psilocybin, which will be rescheduled based on FDA recommendations without specific trade name restrictions. Furthermore, it modifies the definition of a resident of Iowa in relation to medical residency and fellowship positions, ensuring that individuals who have lived in Iowa for a specified duration are eligible for certain educational programs. Overall, the bill aims to streamline financial appropriations while making necessary adjustments to existing legislation.

Statutes affected:
Introduced: 257.20, 29D.4, 16.31, 237.10, 232.2, 279.87, 299.1D, 510B.8E, 514F.8, 522F.4, 522F.9, 515.137A, 124.204