HI SB656

Reduces the transfer requirement for the works of art special fund from one 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, excluding renovations.

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

Requires the comptroller to provide agencies with guidance on calculating the 0.5 per cent amount and to ensure timely and accurate transfers to the works of art special fund.

Takes effect upon approval.