PROVIDED SUMMARY
Trust Funds of the State Court System; Terminates Mediation & Arbitration Trust Fund; provides for disposition of balances in & revenues of trust fund; prescribes procedures for termination of trust fund.
Full bill text →
Plain English Summary
AI-GENERATED
Terminates the Mediation and Arbitration Trust Fund and transfers its balances to the State Courts Revenue.
The Mediation and Arbitration Trust Fund is officially terminated, ending its existence as a separate state account.
All remaining balances and future revenues from the terminated fund must be transferred to the State Courts Revenue Trust Fund.
The State Courts Revenue Trust Fund is required to pay any outstanding debts or obligations of the terminated fund.
The Chief Financial Officer must close out the fund and remove it from state accounting and financial systems.
KEY PROVISIONS
§ 1
Termination of the Mediation and Arbitration Trust Fund
majors. 1(1)
AIThe fund ceases to exist as a legal entity on the effective date.
“The Mediation and Arbitration Trust Fund within the State Courts System, FLAIR number 22-2-213, is terminated.”
bill text, line 11 →
§ 2
Transfer of Balances and Revenues
majors. 1(2)
AIAll remaining money and future income move to a different state fund.
“All current balances remaining in, and all revenues of, the trust fund shall be transferred to the State Courts Revenue Trust Fund.”
bill text, line 14 →
§ 3
Payment of Outstanding Debts
moderates. 1(3)
AIThe receiving fund must pay off the terminated fund's liabilities.
“The State Courts Revenue Trust Fund shall be used to pay any outstanding debts or obligations of the terminated fund as soon as practicable”
bill text, line 17 →
§ 4
Accounting Closure Requirement
moderates. 1(3)
AIThe CFO must formally remove the fund from state financial records.
“the Chief Financial Officer shall close out and remove the trust fund from the various state accounting and financial systems”
bill text, line 19 →
TIMELINE
6/17/2026
Chapter No. 2026-160
6/16/2026
Approved by Governor
6/15/2026
Signed by Officers and presented to Governor
2/20/2026
Ordered enrolled
2/20/2026
Immediately certified -SJ 419
2/20/2026
Passed; YEAS 37 NAYS 0 -SJ 416
2/20/2026
Read 3rd time -SJ 416
2/20/2026
Read 2nd time -SJ 415
2/20/2026
Substituted for SB 2510 -SJ 415
2/20/2026
Placed on Calendar, on 2nd reading
2/20/2026
Withdrawn from Appropriations -SJ 415
2/20/2026
Conference Committee appointed
2/19/2026
Referred to Appropriations
2/19/2026
Requests that the Senate pass the bill as passed by the House or...
2/19/2026
Passed; YEAS 105, NAYS 0
2/19/2026
Added to Third Reading Calendar
2/16/2026
1st Reading (Original Filed Version)
2/16/2026
Bill added to Special Order Calendar (2/19/2026)
2/16/2026
Bill referred to House Calendar
19 EARLIER →
STAFF ANALYSES