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Capital Budget Adjustment Act reviewed: bonding, reallocations and targeted line items highlighted
Summary
Legislative counsel walked the committee through H952 (Capital Budget Adjustment Act), explaining how the bill updates prior capital authorizations, increases reallocation totals by approximately $16 million, routes bond and cash projects through agency authorities and adds or shifts funds for corrections, clean water and Wi‑Fi installation in facilities.
Legislative counsel presented a high‑level walkthrough of H952, the Capital Budget Adjustment Act, describing how the bill updates last year’s capital bill by changing bonding totals, reallocating previously authorized but unused funds and adjusting project authorizations across agencies.
Counsel said section 1 sets the bond authorization headline (the House version showed $122,000,000) and noted that reclaiming previously authorized but unissued bond dollars and premium receipts can change the bottom line. Counsel highlighted that CDAC recommendations historically guide the bond level (noted as $100,000,000 in guidance) but that reallocations and reclaimed dollars often increase the statutory total. The counsel pointed out a…
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