AB 106 Summary

• Amends the Budget Acts of 2022 and 2023 by modifying, adding, and repealing numerous appropriation items across multiple state departments and agencies.

• Allocates approximately $7.5 billion in legislative priority funding for parks, education, public safety, water infrastructure, libraries, cultural institutions, transportation, housing, homelessness prevention, health services, and community development programs statewide.

• Establishes reversion provisions requiring certain unspent appropriations from prior budget acts to revert to fund balances, with authority for the Director of Finance to augment items if necessary for actual needs through June 30, 2024.

• Extends encumbrance and expenditure periods for various one-time allocations, typically allowing encumbrance through June 30, 2025-2026 and expenditure through June 30, 2027-2030, with specific provisions for emergency and disaster-related projects.

• Takes effect immediately as a budget bill and includes provisions allowing Department of Finance to suspend one-time funding authority, transfer allocating authority between state entities, and adjust appropriations to conform to revised revenue or expenditure estimates.