This bill proposes a supplemental appropriation from the unappropriated surplus balance in the State Fund, General Revenue, specifically for the Department of Economic Development, Office of the Secretary, for the fiscal year ending June 30, 2025. The bill adds a new item of appropriation for Site-Ready Projects, SEED, Vo-Tech, and Workforce Investments, with a total allocation of $41,159,321. This funding is intended to support various economic development initiatives within the state.

Additionally, the bill stipulates that any unexpended balance from this appropriation at the end of fiscal year 2025 will be reappropriated for use in fiscal year 2026. This ensures that any funds not utilized in the current fiscal year can be carried over to the next, allowing for continued investment in economic development projects. The bill reflects the state's commitment to enhancing workforce development and supporting local economic growth through targeted funding.