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, 2026. The Governor's Executive Budget Document indicates that there is a surplus available for appropriation, which has prompted this legislative action. The bill aims to add a new item of appropriation to fund 3951, organization 0402, specifically for the Hope Scholarship Program, with an allocation of $30,498 from lottery surplus funds.
The new legal language introduced in this bill includes the specific fund number (3951), fiscal year (2026), and organization (0402) associated with the State Board of Education. This amendment is intended to ensure that the designated spending unit can utilize the surplus funds effectively during the specified fiscal year. The overall goal of the bill is to enhance educational funding through the allocation of lottery net profits to support the Hope Scholarship Program.