The bill amends the existing law regarding the reversion of unspent funds appropriated for the modernization of the state's enterprise resource planning systems. Specifically, it changes the reversion date for any amounts that are not lawfully expended or obligated.
Under the new provisions, instead of reverting in accordance with the procedures prescribed in chapter 4-8, these funds will now revert to the general fund on June 30, 2029. This extension allows for a longer period for the appropriation to be utilized effectively before any unspent funds are returned to the general fund.