This bill seeks voter approval during the November 2026 general election for the issuance of general obligation bonds totaling sixty-seven million five hundred thousand dollars ($67,500,000) to fund the state's 2026 capital development program. The proposed projects focus on environmental and recreational improvements, including brownfields remediation, facility enhancements, local recreation initiatives, marine infrastructure development, and energy efficiency programs.

The legislation grants authority to the general treasurer and the governor to manage the sale of the bonds and ensure compliance with state laws. All bonds will be general obligations of the state and exempt from taxation, with proceeds deposited into a designated capital development bond fund. The bill also allows for the acceptance of federal assistance and private funds to support these initiatives.

Sections 1, 2, 3, 11, 12, and 13 of this act would take effect upon passage, while the remaining sections would take effect only when the state board of elections certifies that a majority of the qualified electors voting on the proposition have indicated their approval of the projects.