HB0453 establishes a restricted account for unspent funds and directs the Division of Finance to transfer a percentage of lapsing and excess fund.

HB0453 creates the Unspent Balances Restricted Account, which will receive 50% of lapsing balances and 50% of excess fund balances annually. The Office of Child Care, Utah Behavioral Health Commission, and the State Board of Education may use up to 34%, 33%, and 33% of the funds in the restricted account, respectively, for specific purposes. The bill also defines terms such as "excess fund balance" and "lapsing balance." This bill takes effect on May 6, 2026.

HB0453 establishes a restricted account for unspent funds and directs the Division of Finance to transfer a percentage of lapsing and excess fund.

HB0453 creates the Unspent Balances Restricted Account, which will receive 50% of lapsing balances and 50% of excess fund balances annually. The Office of Child Care, Utah Behavioral Health Commission, and the State Board of Education may use up to 34%, 33%, and 33% of the funds in the restricted account, respectively, for specific purposes. The bill also defines terms such as "excess fund balance" and "lapsing balance." This bill takes effect on May 6, 2026.