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

SB 280 redirects $172 million in interest earned from coronavirus state and local fiscal recovery funds to the general fund. It directly affects the state's budget by moving existing interest funds that would otherwise remain in the department of administration's appropriation. The bill's key mechanism is a fiscal adjustment under section 20.906(1), lapsing these funds to the general fund upon the bill's effective date. This is a procedural budget reallocation, not a new policy or program.