Senate Bill No. introduced by J. Esp amends Section 15 of Chapter 774, Laws of 2023, to ensure that all interest and income earned from workforce housing appropriations will be retained in the fund. The bill appropriates $12 million from the general fund to the board of investments for the construction or purchase of workforce housing for employees working at state-owned facilities housing state inmates or behavioral health patients. The funds will be distributed to assist workers living in counties with populations under 15,000, located within a 30-mile radius of these facilities, based on the average population of the facilities and the number of workers in each eligible county.

Additionally, the bill establishes an immediate effective date upon passage and approval, and it includes a retroactive applicability clause that allows it to apply to interest and income earned on or after June 14, 2023. This ensures that the provisions regarding the retention of interest and income are effective for any earnings accrued since that date.