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Commerce staff outlines Economic Development Initiatives Fund allocations and limits
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Summary
Jacob Clesby briefed the Committee on Federal and State Affairs on the EDIF for FY2025–27, detailing covered agencies, statutory uses, and the relationship between gaming revenues and EDIF transfers, including a $50 million SGRF credit cap and a $2 million statutory transfer to the state water plan.
Jacob Clesby, speaking for the Department of Commerce materials team, presented an overview of the Economic Development Initiatives Fund (EDIF) for fiscal years 2025 through 2027 to the Committee on Federal and State Affairs.
Clesby summarized which agencies and programs the EDIF supports, including the Department of Commerce, Kansas Department of Health and Environment, the Office of the State Treasurer, Board of Regents and state universities, Department of Agriculture, and Department of Wildlife and Parks. He said the EDIF is funded through the State Gaming Revenues Fund (SGRF), which receives transfers from Lottery and pari-mutuel wagering proceeds.
He told the committee that no more than $50 million can be credited to the SGRF in any fiscal year and that amounts in excess of $50 million are credited to the state general fund; he also noted a statutory $2 million transfer from EDIF to the state water plan. The materials provided to members show FY25 actuals, approved FY26 amounts from the LBC, and agency requests for FY26–27; Clesby said the FY26 approved amounts in the packet match the motions from the budget committees.
Committee members thanked the presenter and had no further questions in the transcript. The Chair adjourned the meeting afterwards.
