This bill appropriates additional funds to the Endowment Fund Investment Board for the fiscal year 2026, specifically allocating a total of $86,100. The breakdown of this appropriation includes $80,000 for personnel costs, $1,200 for operating expenditures, and an insertion of $4,900 for capital outlay. This funding is designated to be expended from the Endowment Earnings Administrative Fund for the period from July 1, 2025, to June 30, 2026.
Furthermore, the bill declares an emergency, allowing it to take effect immediately on July 1, 2025. This provision ensures that the Endowment Fund Investment Board can access the additional funds without delay, facilitating their operations and financial management for the upcoming fiscal year.