This bill proposes an appropriation of $25 million from the fiscal year 2023 surplus to the Department of Natural and Cultural Resources specifically for the maintenance and operation of the Cannon Mountain tramway. The funds are to be nonlapsing, meaning they will not revert to the general fund if unspent by the end of the fiscal year. The governor is given the authority to issue a warrant for the appropriated sum from any money in the treasury that is not already allocated for other purposes. The act is set to take effect on June 30, 2023.

The fiscal note attached to the bill indicates that there will be no impact on state, county, or local revenues, and that expenditures are indeterminable for fiscal years 2024 and beyond. The source of the funding is the General Fund, and the bill specifies that the appropriation is for the fiscal year ending June 30, 2023. It is assumed that no expenditures from this appropriation will be made until fiscal year 2024. The bill does not require any agency contacts for its analysis. There are deletions in the fiscal note indicating that the previous text regarding the impact on state, county, local, and other funding sources has been removed, and an insertion that specifies the funding source as the General Fund.