JBC updates Advanced Industries transfer amounts, routes surplus above $2.5M to controlled maintenance
The Joint Budget Committee voted 6–0 to update the Advanced Industries transfer to reflect updated revenue estimates and to direct staff to show any general‑fund amounts more than $2.5 million above the reserve as a placeholder to be transferred to the Controlled Maintenance Trust Fund; the committee also changed the transfer timing to June 30, 2026.
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The Joint Budget Committee on March 27 approved staff-recommended updates to the Advanced Industries transfer and directed how newly available general‑fund dollars should be treated as the Legislature finalizes the long bill.
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