House Bill No. 4 appropriates funds from the interest earnings on the American Rescue Plan Act of 2021 for various state projects, mandating the state treasurer to transfer specific amounts to designated accounts by a specified deadline. Notable allocations include $1,749,052 to the natural resources projects special revenue account, $2,250,000 for water and wastewater projects, and $224,500 for irrigation projects, with the remainder directed to the capital developments long-range building program account. The bill also requires the state treasurer to deposit all interest earnings from the American Rescue Plan Act funds into the capital developments long-range building program account on a quarterly basis until December 30, 2026, ensuring timely utilization of these funds.

The bill emphasizes the continuation of funding for various state initiatives, including infrastructure improvements and environmental projects, while also introducing new provisions for the transfer of funds. It highlights the importance of maintaining budget amendment authority for several programs into future fiscal years, ensuring that critical funding remains available for public health, environmental conservation, and infrastructure enhancements. Overall, the bill aims to effectively allocate resources to support ongoing and new initiatives that benefit the public and enhance state infrastructure.