This bill appropriates $750,000 from the general fund of the state to the Iowa finance authority for the fiscal year 2025-2026. The funds are designated to support the military home ownership assistance program, which provides financial aid to current and former members of the United States armed forces for purchasing homes. This appropriation supplements an existing allocation of $2.2 million for the same fiscal year that was previously passed by the general assembly.

Additionally, the bill includes a provision stating that any unencumbered or unobligated funds from this appropriation at the end of the fiscal year will not revert but will remain available for expenditure until the end of the following fiscal year. The bill is deemed of immediate importance and takes effect upon enactment.