This bill proposes a supplemental appropriation from the unappropriated surplus balance in the State Fund, specifically from Lottery Net Profits, to the State Board of Education for the fiscal year ending June 30, 2025. The Governor's Executive Budget Document, submitted on February 12, 2025, indicated that there is a surplus available for appropriation, which has prompted this legislative action.
The bill specifically adds a new item of appropriation for the Hope Scholarship Program under the State Board of Education, with a total allocation of $33,804,764 from lottery surplus funds. The new appropriation is detailed as Fund 3951, fiscal year 2025, organization 0402, ensuring that the designated spending unit can utilize these funds during the specified fiscal year.