This bill proposes a supplementary appropriation of public funds from the unappropriated balance in the Department of Administration's Board of Risk and Insurance Management Premium Tax Savings Fund for the fiscal year ending June 30, 2026. The Governor has identified an available balance in this fund, which will be appropriated for expenditure during the specified fiscal year. The bill aims to amend the current appropriations by adding a new item for the fund, specifically for the Directed Transfer to the Public Entity Insurance Trust Fund.

The new appropriation includes a total of $21,000,000 to be transferred from the Premium Tax Savings Fund (fund 2367) to the Public Entity Insurance Trust Fund (fund 2363). The bill outlines the necessary adjustments to the appropriations for the fiscal year 2026, ensuring that the funds are allocated appropriately for the intended purpose.