1. A. Except for the reimbursement of the State Treasurer as allowed under the provisions of this act, no monies of any kind, including but not limited to earnings, interest, or appreciation, shall be appropriated from the Taxpayer Endowment Trust Fund prior to:

   1. 1. The state fiscal year following an end-of-year valuation of the Trust Fund that exceeds One Billion Dollars ($1,000,000,000.00); or
   2. 2. The expiration of the ten-year period following the initial deposit to the Trust Fund.

2. B. Following the occurrence of a condition established in subsection A of this section, the Board shall:

   1. 1. No later than November 30 of each year, communicate to the State Board of Equalization the amount of distributable earnings available from the Trust Fund as calculated pursuant to the conditions of the Trust Fund in effect June 30 of such year. Such earnings shall be certified by the State Board of Equalization as General Revenue for the then forthcoming state fiscal year; and
   2. 2. On July 1, deposit an amount equal to the amount certified by the State Board of Equalization pursuant to paragraph 1 of this subsection to the General Revenue Fund. Such deposit shall occur July 1 of the state fiscal year for which the funds are certified.
3. C. Except as allowed or required by the provisions of this section the corpus of the Trust Fund shall not be reduced.

Laws 2026, HB 4072, c. 51, § 6.