The bill proposes an appropriation of funds to various institutions of higher education in Arkansas for capital improvement projects, totaling over $100 million. Each institution, including Arkansas State University, Arkansas Tech University, Henderson State University, Southern Arkansas University, and others, is allocated specific amounts for various projects such as construction, renovation, maintenance, and equipment upgrades. The funds are to be drawn from the Development and Enhancement Fund and are earmarked for critical maintenance, deferred maintenance, and the purchase of equipment and library holdings, among other needs.

Additionally, the bill includes an emergency clause, which states that the appropriations must be effective by July 1, 2023, to ensure the proper administration of essential governmental programs. This clause emphasizes the urgency of the funding to prevent any potential harm to the operations of the agencies involved. The bill outlines strict compliance with state fiscal control laws in the disbursement of these funds, ensuring that the appropriations are used for their intended purposes.