The bill outlines appropriations and financial provisions for various state agencies in Kansas for the fiscal years ending June 30, 2026, 2027, and 2028. It includes adjustments to expenditure limitations for several state boards and agencies, with some limits increased and others decreased. Notably, the bill establishes new funds, such as the state fair capital improvements fund, which will receive a minimum transfer of 5% of total gross receipts from state fair activities, and a tax increment financing revenue replacement fund, which will not receive state general fund transfers during the specified fiscal years. Additionally, it mandates the reappropriation of unencumbered balances exceeding $100 from various accounts as of June 30, 2026, for use in fiscal year 2027.

Significant deletions from current law include the removal of references to fiscal year 2025, effectively shifting the focus to the subsequent years. The bill also stipulates that no funds will be transferred from the state general fund to the bioscience development and investment fund during fiscal years 2026, 2027, and 2028. Furthermore, it establishes the Faculty of Distinction Program Fund, which will provide earnings equivalent awards to eligible educational institutions based on qualifying gifts, with a cap on the total amount of new qualifying gifts that can be certified in any state fiscal year. Overall, the bill aims to streamline funding processes and ensure that financial resources are allocated appropriately for state projects and initiatives.

Statutes affected:
As introduced: 2-223, 12-1775a, 12-5256, 74-50, 74-99b34, 76-775, 76-7, 79-2989, 79-3425i, 79-34