Amends TCA Title 49, Chapter 3, Part 5.

Present law establishes a K-12 mental health endowment fund to provide mental health support to students in primary and secondary schools in this state. This bill adds that in the fiscal year ending June 30, 2024, the amount of the trust principal of the K-12 mental health endowment account will be reduced by $75,000,000 and the trust's K-12 mental health special reserve account will be increased by $75,000,000. <br /> <br /> Under present law, the trustees must annually determine the amount of funds in the K-12 mental health special reserve account that are available for appropriation and expenditure in accordance with the law, but must not determine how the funds in the K-12 mental health special reserve account are expended. This bill provides, instead, that the department of mental health and substance abuse services is required to submit an annual spending plan to the trustees for the trustees' consideration in annually determining the amount of funds in the K-12 mental health special reserve account that are available for appropriation and expenditure in accordance with this bill. The trustees must not determine how the funds in the K-12 mental health special reserve account are expended.<br /> <br /> Present law requires that unexpended funds remaining in the trust in any fiscal year, including the principal, initial deposits, transfers, and interest in the K-12 mental health endowment account and the K-12 mental health special reserve account, do not revert to the general fund, but must remain available for expenditure in accordance with the law. This law applies this provision to any unexpended funds, not just those remaining in the trust.<br />