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JBC introduces ARPA adjustments bill to formalize reversions, recaptures and fund swaps
Summary
The committee introduced LLS 4 80 (ARPA adjustments) 6-0. Staff described three categories of changes: fund‑source true‑ups with net‑zero fiscal effect, recaptures/reversions converted to one‑time general fund in 2024‑25, and reductions of ongoing cash fund appropriations back to the general fund.
The Joint Budget Committee introduced LLS 4 80, a bill that formalizes adjustments to prior ARPA‑related appropriations, following a staff briefing describing three types of adjustments: (1) true‑ups among fund sources that are net‑zero for the general fund but reallocate appropriations between…
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