- Within thirty days after August 1 of each year through 2028, the secretary of finance and administration shall calculate the unexpended and unencumbered balance of the natural disaster revolving fund and, subject to availability of funds, transfer from the appropriation contingency fund to the natural disaster revolving fund an amount not greater than fifty million dollars ($50,000,000) less the balance of the natural disaster revolving fund. If the unexpended and unencumbered balance of the natural disaster revolving fund is equal to or greater than fifty million dollars ($50,000,000), no transfer shall be made.
History: Laws 2025, ch. 157, § 3.
ANNOTATIONS
Emergency clauses. — Laws 2025, ch. 157, § 7 contained an emergency clause and was approved April 10, 2025.