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Appropriations committee delays sweeping $20 million reversion, orders immediate report on impact fund commitments
Summary
A proposal to revert a $20 million impact‑program transfer back to the state general fund prompted questions about existing commitments; the committee substituted that motion for an immediate transparency report and passed the substitute so members can review outstanding pledges before acting on the reversion.
Representative Steele moved that $20,000,000 previously earmarked from the impact/job‑creation fund (a 2% set‑aside up to $20 million used to pay debt service and program administration) be returned to the state general fund for fiscal year 2027, arguing the debt the funds once covered has been paid off and the money should be returned to SGF.
Committee…
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