The bill establishes appropriations for various state departments for the fiscal years ending June 30, 2026, and June 30, 2027, while implementing strict budgetary controls. It requires prior approval from the fiscal committee and the governor for any revenue expenditures that exceed estimates and mandates that appropriations for indirect costs be transferred to the general fund in compliance with federal requirements. Additionally, certain appropriations are allowed to remain unspent until June 30, 2027, and if estimated revenues fall short, appropriations will be adjusted accordingly, with the Department of Corrections being exempt from these reductions.

Moreover, the bill enacts significant cuts to general fund appropriations across multiple state departments, including a $3 million reduction for the Department of Environmental Services and a $25.5 million cut for the Department of Health and Human Services each year. Other departments will also face reductions ranging from $225,000 to $10 million. The Liquor Commission is tasked with reducing state liquor fund appropriations by $1 million for the biennium, while the Lottery Commission must seek approval for new or expanded games. The bill projects total general fund revenues of $1,764,500,000 for FY 2026 and $1,809,100,000 for FY 2027, and it is set to take effect on July 1, 2025. No specific insertions or deletions of legal language are noted in the text.