This bill addresses various aspects of state finances, including modifications to appropriations, distributions, and transfers for the fiscal year 2025-2026. It specifically limits the standing appropriations for nonpublic school pupil transportation and instructional support state aid, setting the latter to zero. Additionally, it allows for salary adjustments to be funded from unappropriated moneys in certain special funds. The bill also facilitates a transfer of $21,881,303 from the taxpayer relief fund to the general fund, which will be used to pay foundation aid for the same fiscal year.

Furthermore, the bill includes corrective provisions to amend existing laws as a result of recent legislative actions. Notably, it prohibits state membership in the Iowa individual health benefit reinsurance association, with this provision taking effect immediately and retroactively applicable to January 1, 2020. The bill also contains various technical corrections to ensure compliance with prior legislation, with certain provisions having immediate or retroactive applicability.

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