This bill appropriates funds for personal services and operating expenses for the University of Arkansas and the Division of Agriculture - Arkansas Biosciences Institute for the fiscal year ending June 30, 2025. The total amount appropriated for the Arkansas Biosciences Institute is $2,375,563, which includes regular salaries, personal services matching, and various operational expenses. Similarly, the Division of Agriculture is allocated $2,415,432 for similar purposes. The bill specifies that these appropriations are to be paid from the Arkansas Biosciences Institute Program Account of the Tobacco Settlement Program Fund.

Additionally, the bill includes provisions that restrict the transfer of appropriations and outlines the conditions under which the state-supported institution may transfer funds between line items. It emphasizes that the appropriations are not a commitment to continue funding positions if Tobacco Settlement funds are insufficient. The bill also includes an emergency clause, stating that the act must be effective by July 1, 2024, to ensure the proper administration of essential governmental programs. The provisions of the bill are set to be in effect from July 1, 2024, through June 30, 2025.