The bill is a supplementary appropriation act that allocates public funds from the unappropriated balance of the Treasury for the fiscal year ending June 30, 2026. Specifically, it appropriates $21,000,000 to the Department of Administration, Board of Risk and Insurance Management, Premium Tax Savings Fund (fund 2367, organization 0218). This funding is intended to be transferred to the Public Entity Insurance Trust Fund (fund 2363) as part of the financial management for the fiscal year.
The bill emphasizes the availability of unappropriated funds as determined by the Governor, allowing for this additional appropriation to be made. The act is effective immediately upon passage, ensuring that the funds can be utilized without delay for their intended purpose within the specified fiscal year.