The bill proposes a one-time transfer of $70,000,000 from the family and medical benefit insurance account to the general fund in Minnesota. This transfer is mandated to occur on June 30, 2026, as specified in the new legal language added to the Minnesota Paid Leave Law.

Additionally, the bill includes an effective date clause stating that the transfer will take effect the day after the bill is enacted. This legislative action aims to reallocate funds from the family and medical benefit insurance account to support the general fund.