This bill proposes a supplemental appropriation to the Department of Commerce, specifically for the Division of Economic Development, for the fiscal year ending June 30, 2026. It aims to increase the existing appropriations from the State Fund, General Revenue, by providing additional funds to support the division's operations. The Governor's Executive Budget Document indicated that there is an unappropriated balance in the Treasury available for this purpose, which justifies the need for this amendment.
The bill specifies that the total appropriation for the Division of Economic Development will be supplemented by increasing the existing item of appropriation for personal services and employee benefits, with a total amount of $388,463 allocated from the General Revenue Fund. The legal language inserted into the current law includes the fund number (0256), fiscal year (2026), and organization number (0307), which are essential for identifying the specific appropriations being adjusted.