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Appropriations committee debates sweeping ARPA interest into capital development fund
Summary
House Bill 4 and related budget amendments prompted extended committee debate about transferring accrued interest on ARPA funds to the Capital Development Fund and allocating remaining interest to water, wastewater, irrigation and nonpoint-source projects.
Members of the House Appropriations Committee spent an extended portion of the executive action session on House Bill 4, the federal-authority budget amendment bill, and on an amendment that would reallocate interest earned on previously appropriated ARPA funds.
Committee chair and members discussed an amendment that would transfer existing interest balances into specific infrastructure projects and then sweep any remaining balance into the Capital Development Fund. Committee staff described allocations in the amendment that included about $1,700,000 to projects in another infrastructure bill…
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