This bill proposes to extend the deadline for the reversion of unspent funds appropriated to the Governor's Office of Economic Development for various initiatives, including marketing and air service development. Specifically, it amends the existing law to state that any amounts appropriated in 2021 that are not lawfully expended or obligated will now revert to the general fund on June 30, 2027, instead of following the previous reversion procedures outlined in chapter 4-8.

The amendment effectively provides an additional two years for the allocated funds to be utilized, allowing for continued investment in economic development efforts within the state. This change aims to enhance the effectiveness of the appropriated funds by giving the Governor's Office more time to implement their programs and initiatives.