Capital-related Transfers Of Money

On July 1, 2022, the act transfers:

• $350,394,004 from the general fund to the affordable housing and home ownership cash fund;
• $350,394,004 from the affordable housing and home ownership cash fund to the revenue loss restoration cash fund;
• $4,639,443 from the general fund to the capital construction fund;
• $122,225,865 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.

The state treasurer and the state controller transferred $110,000,000 from the general fund to the controlled maintenance trust fund to be appropriated in the 2022-23 state fiscal year for controlled maintenance budget requests prioritized by the office of the state architect as level one and level two priority projects. The act eliminates the requirement that the transferred money be appropriated for the 2022-23 state fiscal year.

(Note: This summary applies to this bill as enacted.)