Relating to: interest earned on coronavirus state and local fiscal recovery funds. (FE)

AB 286 redirects $172 million in interest earned from unused coronavirus state and local fiscal recovery funds to the general state fund. It applies to funds held under specific state appropriations (section 20.505(1)(mb)) that were not spent by the deadline. The bill transfers this interest directly to the general fund on its effective date, rather than allowing it to remain in the recovery fund. This is a procedural adjustment to reallocate existing interest earnings, not a new funding program.