This bill proposes a supplemental appropriation from the unappropriated surplus balance in the State Fund, General Revenue, specifically for the Department of Commerce, Division of Economic Development, for the fiscal year ending June 30, 2026. The bill adds a new item of appropriation, which includes a directed transfer of $40,000,000 from the General Revenue Fund to the Economic Development Promotion and Closing Fund. This transfer is intended to support economic development initiatives within the state.

The bill outlines the necessary adjustments to the appropriations for the fiscal year 2026, specifying the fund and organization numbers as 0256 and 0307, respectively. The Governor's Executive Budget Document, submitted on January 14, 2026, indicated that there is an available unappropriated surplus balance in the Treasury, which justifies this supplemental appropriation. The new language inserted into the bill clarifies the fund and fiscal year details, ensuring proper allocation of the funds for economic development purposes.