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, it introduces a new provision that reduces funding for school districts and area education agencies by $25 million, with reductions prorated based on existing funding formulas.

In terms of corrective measures, the bill makes technical amendments to various sections of the Iowa Code, including updates to provisions related to health benefit plans and the rights of manufacturers of investigational drugs. Notably, it prohibits state entities from being members of the Iowa individual health benefit reinsurance association, with this provision taking effect immediately and retroactively applicable to January 1, 2020. The bill also includes effective date and retroactive applicability provisions for certain sections, ensuring that the changes align with previous legislative actions.

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