Unspent Funding Amendments

Summary

The bill establishes the Unspent Balances Restricted Account and requires the Division of Finance to move a set share of leftover and excess funds into it annually. It sets rules for which balances must be closed out and which are exempt, and outlines permissible uses for the transferred money. The goal is to better manage unexpended balances and direct them toward designated purposes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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