This bill establishes the Arkansas Reserve Fund Set-Aside as a sub-fund within the Restricted Reserve Fund, aimed at providing additional financial resources for state departments, agencies, and institutions. Upon the bill's enactment, a transfer of $710,612,508 will be made from the General Revenue Allotment Reserve Fund to this new fund. The Chief Fiscal Officer of the State is granted the authority to release funds from the Arkansas Reserve Fund Set-Aside to various general revenue operating funds, contingent upon prior approval from either the Legislative Council or the Joint Budget Committee, depending on whether the General Assembly is in session.

The bill emphasizes the General Assembly's role in determining the maximum appropriations and funding for state agencies, ensuring that the transfer of funds does not exceed the limits set by the Revenue Stabilization Law. Additionally, it includes a provision stating that if the requirement for legislative approval is deemed unconstitutional, the entire section will be rendered void. The bill also addresses the scenario of duplicate acts, stipulating that if both the House and Senate pass identical bills, the last one enacted will take precedence.