This bill establishes a framework for continuing appropriations in fiscal years when the Iowa General Assembly has not enacted annual appropriations by July 1. It applies to any fiscal year where one or more line item appropriations, standing limited appropriations, or standing unlimited appropriations from the previous fiscal year have not been enacted in identical provisions for the current fiscal year. If an appropriation from the prior year is enacted after July 1, the provisions of this bill will cease to apply to that appropriation, and any funds already expended will be accounted for against the newly enacted appropriation.

The bill mandates that the Department of Management, in consultation with the Legislative Services Agency, identify the amounts of all appropriations from the previous fiscal year and the entities to which those funds were allocated. It appropriates those amounts for the current fiscal year, while also ensuring that any duplicative standing appropriations are supplanted by the amounts identified from the prior year. Additionally, the bill outlines exclusions for one-time appropriations and allows for adjustments to ensure compliance with the general fund expenditure limitation. Overall, this legislation aims to provide continuity in funding for state entities during budgetary lapses.