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. It mandates that all remaining balances and future revenues of the trust fund be transferred to the State Courts Revenue Trust Fund. The State Courts Revenue Trust Fund will then be used to settle any outstanding debts or obligations of the terminated fund. The Chief Financial Officer is required to close out and remove the trust fund from state accounting and financial systems. The bill takes effect 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. It mandates that all remaining balances and future revenues of the trust fund be transferred to the State Courts Revenue Trust Fund. The State Courts Revenue Trust Fund will then be used to settle any outstanding debts or obligations of the terminated fund. The Chief Financial Officer is required to close out and remove the trust fund from state accounting and financial systems. The bill takes effect July 1, 2026.