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Senate Finance Committee adopts amendments to funds-transfer bill HB 461
Summary
On June 3, 2025, the Senate Finance Committee adopted amendments to House Bill 461, a recurring funds-transfer vehicle, moving roughly $58.9 million into the Capital Outlay Savings Fund and reallocating several dedicated balances including unused ARPA dollars and a LED mega-project fund.
The Senate Finance Committee adopted amendments to House Bill 461 on June 3, 2025, moving money among state funds and reporting the bill favorably as amended to the next legislative stage.
HB 461 is the annual funds bill mechanism the committee uses to transfer deposit and use authority among state funds. Committee members approved a package of amendments that, as described to the committee, deposit $58,900,000 into the Capital Outlay Savings Fund: $50,000,000 from an excess fund balance identified by the Department of Revenue and $8,900,000 from unused surplus dollars from prior fiscal years. The amendments also direct the deposit of unutilized federal American Rescue Plan Act (ARPA) dollars into the Water Sector Fund for previously obligated projects; move the balance of the LED Mega Project Development Fund into the Rapid Response Fund; transfer certain monies into the Allstate General Fund; place vetoed amounts from the House supplemental bill (House Bill 1) into the Over Collections Fund; move a Department of Insurance transfer into fiscal year 2026 per that department’s request; and deposit $500,000 into the physical administration funds.
During the committee consideration, Chairman McFarland explained the bill’s role as an annual vehicle for necessary fund structure changes and interfund transfers. Senator Edmonds moved to adopt the amendments; the committee voiced no opposition and the amendments were adopted. Senator Presley then moved to report HB 461 as amended; committee members recorded no objection and the committee reported the bill favorably as amended. The committee indicated the actions were taken by voice vote with no recorded roll-call tallies recorded in the committee minutes.
The amendments alter dedicated balances and redirect specified fund sources as described to the committee; the committee did not adopt written language beyond the amendment package presented, and staff were not recorded as making substantive changes at the time of the vote. The committee’s action advances HB 461 to the next legislative step for floor consideration.
