A bill for an act relating to state finances, including by making, modifying, limiting, or reducing appropriations, distributions, or transfers, authorizing expenditure of unappropriated moneys in special funds, providing for properly related matters including prohibiting state membership in the Iowa individual health benefit reinsurance association, making corrections, and including effective date and retroactive applicability provisions.

HSB 335 is a bill concerning state finances, primarily impacting education funding and state appropriations. It allocates $14 million annually for fiscal years 2025-2026 and 2026-2027 to supplement compensation for education support personnel in school districts, distributed based on student enrollment. The bill also limits funding for nonpublic school pupil transportation and sets instructional support state aid to zero for FY 2025-2026. Furthermore, it reduces overall funding for school districts and area education agencies by $25 million for FY 2025-2026. The bill also transfers over $21 million from the taxpayer relief fund to the general fund to support foundation aid and allows the use of special funds for state employee salary adjustments.