HB2235 Summary

• Reclassifies the labor law enforcement special fund as a trust account and requires unencumbered balances exceeding $500,000 to be deposited into the general fund annually on June 30.

• Repeals the human trafficking victim services fund established under section 706-650.5, with any unencumbered balance lapsing to the general fund.

• Reclassifies the boiler and elevator revolving fund as a special fund and adds it to the list of funds exempt from central service assessments under section 36-27.

• Reclassifies the national governors' association grant trust account and non-profit employers deposit account as trust funds.

• Takes effect on July 1, 2050.