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, specifically for the Premium Tax Savings Fund (fund 2367) for the fiscal year ending June 30, 2026. The Governor has identified an available balance that can be utilized for expenditures during this fiscal year, and the bill aims to formalize this appropriation.

The bill includes a new item of appropriation for the Premium Tax Savings Fund, which will allocate $21,000,000 to be directed to the Public Entity Insurance Trust Fund (fund 2363). The legal language specifies the fund number, fiscal year, and organization code, ensuring clarity in the appropriation process. The bill serves to enhance the financial resources available for the designated spending unit within the specified fiscal year.