This bill amends Section 5 of House Bill No. 968 to provide for a cash transfer to both the Strategic Initiatives Program Fund and the Local Highway Distribution Fund for fiscal year 2026. Specifically, it stipulates that 50% of the interest earnings generated in fiscal years 2024, 2025, and 2026 will be allocated to the American Rescue Plan Act State and Local Fiscal Recovery Fund, with a minimum amount of $32,877,300. The distribution will be 60% to the Strategic Initiatives Program Fund and 40% to the Local Highway Distribution Fund, effective from July 1, 2025, through June 30, 2026.

Additionally, the bill declares an emergency, allowing it to take effect immediately upon passage and approval. This legislative action aims to ensure timely funding for local highway projects and strategic initiatives, thereby supporting infrastructure and community development in Idaho.