House Bill 1706 Summary

• Transfers all interest earned on Coronavirus Local Fiscal Recovery Funds remaining as of July 1, 2024, to the Coronavirus State Fiscal Recovery Fund, with future interest also directed to the state fund.

• Authorizes the State Fiscal Officer to return unused Coronavirus Local Fiscal Recovery Funds to the federal government.

• Modifies the ARPA Rural Water Associations Infrastructure Grant Program to award 10 bonus points for applications promoting system consolidation or demonstrating past consolidation, with a maximum of 10 points per application.

• Brings forward multiple workforce development and healthcare programs funded by ARPA, including nursing/allied health grants, physician residency programs, workforce development initiatives, and hospital sustainability grants.

• Establishes an effective date of July 1, 2024, with the bill itself repealing on June 30, 2024.