HI HB373

Reduces the transfer percentage into the works of art special fund from 1 per cent to 0.5 per cent of state fund appropriations for capital improvements.

Limits the 0.5 per cent transfer requirement to capital improvement appropriations designated for construction of new state buildings, properties, or facilities only.

Removes previous language that included renovation projects, making new construction the sole trigger for the art fund contribution.

Exempts appropriations from the passenger facility charge special fund and rental motor vehicle customer facility charge special fund from the transfer requirement.

Takes effect upon approval.