Transfer Proposition KK Money ARPA Cash Fund

Joint Budget Committee. The bill creates the behavioral and mental health excise tax cash fund that is designated to hold money received from the firearm and ammunition excise tax (Proposition KK) for certain behavioral health-related purposes.

Current law requires $8 million that is received from Proposition KK to be transferred to the behavioral and mental health cash fund. The bill requires this money to instead be transferred to the behavioral and mental health excise tax cash fund.

The bill requires the state treasurer to transfer the Proposition KK money in the behavioral and mental health cash fund to the behavioral and mental health excise tax cash fund.

Current law repeals the behavioral and mental health cash fund on July 1, 2032. The bill changes the repeal date to July 1, 2027.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)