This bill establishes a framework for continuing appropriations in fiscal years when the Iowa General Assembly fails to pass an annual budget by July 1. It applies specifically to fiscal years without any appropriations bills presented to the governor by that date, with certain exclusions. If the General Assembly does pass appropriations bills after July 1, the provisions of this bill will no longer apply for that fiscal year. The bill mandates the Department of Management, in consultation with the Legislative Services Agency, to determine the amounts of all relevant appropriations from the previous fiscal year and to allocate those amounts to the appropriate entities for the current fiscal year.

Additionally, the bill stipulates that the appropriations made under this framework will supplant any duplicative standing appropriations for the fiscal year in question. It also ensures that all powers, duties, limitations, and requirements associated with the previous fiscal year's appropriations will carry over to the current fiscal year. However, one-time appropriations, such as those for specific infrastructure or technology projects, are excluded from this continuing appropriation process. The bill aims to provide financial continuity and stability in the absence of a timely budget, reflecting similar provisions enacted for the fiscal year 2020-2021.