General Fund Transfers To Capital Construction Fund

Joint Budget Committee. The bill requires transfers to be made on July 1, 2023, from the general fund and the general fund exempt account of the general fund to the capital construction fund and the information technology capital account of the capital construction fund as follows:

• $233,361,030 from the general fund to the capital construction fund;
• $60,308,481 from the general fund to the information technology capital account of the capital construction fund; and
• $500,000 from the general fund exempt account of the general fund to the capital construction fund.
  (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)