Board backs change to timing of quarterly transfers for 2028 legislative agenda

The Public Works Board voted to advance a legislative item to amend statute timing so quarterly transfers would occur at the end of the fiscal year for 2028, an action the board framed as a fiscal safeguard. Member Rowe explained the fiscal rationale, saying the board was "operating in a close to negative fund balance and these transfers will... move from the transfers in a year just to line up with what our revenue comes in on on our, loan pay repayments." The motion to adopt the item was moved by Member Rose and seconded by Member Delvin and passed.

Board and staff discussion focused on narrowing bill language to limit amendment risk and on coordinating with the board's lobbyists. Lobbyist Brian Bonlender advised writing the bill title narrowly to reduce the chance other interests could attach amendments, and staff said the executive committee had reviewed the item and recommended full-board discussion. The board directed staff to pursue drafting in consultation with the lobbyists and lawmakers as part of the 2027 agenda.