The bill terminates the Mediation and Arbitration Trust Fund within the State Courts System and transfers its balances and revenues to the State.

The bill terminates the Mediation and Arbitration Trust Fund within the State Courts System, transferring its remaining balances and future revenues to the State Courts Revenue Trust Fund. It mandates the use of the State Courts Revenue Trust Fund to settle any outstanding debts or obligations of the terminated fund. The Chief Financial Officer is directed to close out and remove the trust fund from state accounting and financial systems, adhering to generally accepted accounting principles. The changes take effect on July 1, 2026.

The bill terminates the Mediation and Arbitration Trust Fund within the State Courts System and transfers its balances and revenues to the State.

The bill terminates the Mediation and Arbitration Trust Fund within the State Courts System, transferring its remaining balances and future revenues to the State Courts Revenue Trust Fund. It mandates the use of the State Courts Revenue Trust Fund to settle any outstanding debts or obligations of the terminated fund. The Chief Financial Officer is directed to close out and remove the trust fund from state accounting and financial systems, adhering to generally accepted accounting principles. The changes take effect on July 1, 2026.