HB1547 Summary

• Creates the "90th Session Projects Account" within the General Improvement Fund to receive unobligated balances, recovered General Revenue Funds, interest earnings, and estate tax revenues for state appropriations and capital projects.

• Allocates $203,398,010 in "Shared Mandatory Obligations Set-Asides" for critical state functions including Department of Correction ($13 million), Medicaid ($90 million), Education ($40 million), and Economic Development ($20 million), with full funding required by June 30, 2017.

• Distributes $20 million each to Legislative Division (for projects at various state agencies and institutions) and Executive Discretionary Division (for governor-directed projects) from available General Improvement Fund monies.

• Establishes a "Rainy Day Set-Aside" of up to $50 million and an "Economic Development Set-Aside" of up to $30 million for flexible use by the Governor and Legislative Council upon approval.

• Includes extensive project-specific allocations across higher education institutions, community colleges, state agencies, and infrastructure improvements, with funds contingent on meeting appropriation criteria and filing required documentation.