The bill appropriates a total of $200 million from the General Fund to the School District Property Tax Relief Credit Fund over two fiscal years. Specifically, it mandates the State Treasurer to transfer $100 million from the General Fund to the School District Property Tax Relief Credit Fund on or after July 1, 2025, and again on or after July 1, 2026. These transfers are to be executed as directed by the budget administrator of the budget division of the Department of Administrative Services.

Additionally, the bill appropriates $100 million from the School District Property Tax Relief Credit Fund for fiscal years 2025-26 and 2026-27 to the Department of Revenue for state aid purposes. It specifies that these funds are to be used solely for state aid and prohibits any expenditures for salaries or per diems for state employees from these appropriated funds. The bill is declared an emergency measure, taking effect immediately upon passage and approval.