FINANCE-CAPITAL DEV LOAN FUND

HB 3070 amends the State Finance Act to reverse a prior repeal of the Capital Development Board Revolving Fund, ensuring the fund remains active. This fund provides low-interest loans for state infrastructure and public facility projects, such as roads, schools, and community facilities. The change takes immediate effect, preventing the fund's termination and maintaining its current operation for eligible projects. The bill directly affects state agencies and local governments that access these loans for capital development needs.