Transfers funds from the budget stabilization account to the state general fund for fiscal year 2026, with repayment by 2029.

The bill proposes transferring $1,632,500,000 from the budget stabilization account to the state general fund to support services in fiscal year 2026. The state treasurer is mandated to make this transfer by June 15, 2026. The bill also requires the state treasurer to repay the budget stabilization account with two installments: $816,250,000 by June 30, 2028, and another $816,250,000 by June 30, 2029. This transfer does not affect the requirement to balance the budget in subsequent biennia.

Transfers funds from the budget stabilization account to the state general fund for fiscal year 2026, with repayment by 2029.

The bill proposes transferring $1,632,500,000 from the budget stabilization account to the state general fund to support services in fiscal year 2026. The state treasurer is mandated to make this transfer by June 15, 2026. The bill also requires the state treasurer to repay the budget stabilization account with two installments: $816,250,000 by June 30, 2028, and another $816,250,000 by June 30, 2029. This transfer does not affect the requirement to balance the budget in subsequent biennia.