This bill proposes a supplemental appropriation for the fiscal year ending June 30, 2025, by reallocating funds from the State Excess Lottery Revenue Fund. Specifically, it decreases the appropriation for the Economic Development Authority's Economic Development Project Fund (fund 9065, organization 0944) by $9,506,440, while simultaneously increasing the appropriation for the Department of Human Services (fund 5365, organization 0511) by the same amount for Medical Services.
The adjustments are made to ensure that the available unappropriated balance in the State Treasury can be utilized effectively during the fiscal year. The bill reflects the Governor's Executive Budget Document submitted to the Legislature, which outlines the financial status and revenue estimates for the fiscal year 2025. The changes aim to address the funding needs of the Department of Human Services while reducing the allocation to the Economic Development Authority.