APPROPRIATIONS – Relates to the appropriation and transfer of funds for strategic initiatives and local highway districts.
Reported Signed by Governor on April 10, 2026 Session Law Chapter 326 Effective: 04/10/2026
Summary
The law moves 50% of interest earnings generated in fiscal years 2024‑2026, or a minimum of $32,877,300, into the American Rescue Plan Act State and Local Fiscal Recovery Fund. That amount is then divided 60% to the Strategic Initiatives Program Fund and 40% to the Local Highway Distribution Fund for the July 2025‑June 2026 fiscal year. The transfer is intended to provide new resources for statewide projects and local road work.
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