This bill proposes several changes to the management of state park and robotics education funds. It removes references to repealed funds and establishes a new account known as the Cannon Mountain Ski Account Fund, which will be funded by revenues generated from state-owned ski areas. The bill also modifies the existing Robotics Education Fund by capping its unencumbered balance at $1,000,000, with any excess funds lapsing into the general fund at the end of each biennium. Additionally, it splits the state parks fund into two separate accounts, ensuring that revenues from state-owned ski areas are excluded from the state park account.

The bill includes specific legal language changes, such as the deletion of the term "nonlapsing" from the Robotics Education Fund and the insertion of provisions regarding the capping of the fund's balance and the process for lapsing excess funds. It also repeals references to certain funds that are no longer in effect. The fiscal impact of these changes is expected to be minimal, as the restructuring of accounts is primarily a transfer of funds rather than a change in revenue generation. The Department of Education anticipates that the Robotics Education Fund will continue to be fully utilized, with no significant impact on the General Fund unless unencumbered funds exceed the new cap in the future.

Statutes affected:
Introduced: 6:12, 188-E:24, 216-A:3-i
As Amended by the Senate: 6:12, 188-E:24, 216-A:3-i
Version adopted by both bodies: 6:12, 188-E:24, 216-A:3-i
HB650 text: 6:12, 188-E:24, 216-A:3-i