December 16, 2024
While the PAC Fund issue is not fully resolved, we will see a temporary improvement due to (1) a one-time advance of quarterly funds from the Office of State Budget Management (OSBM) and (2) the Hurricane Helene Relief Bill that ultimately became law December 11. Under this bill, the General Assembly will allocate IDS $8.2 million in non-recurring funds to IDS.
We anticipate being able to pay PAC attorneys within 45 days of receipt of their fee applications and without interruption at least into April 2025.
IDS will continue to monitor the PAC Fund daily and will be prepared to revisit the issue with the General Assembly in the new year.