The bill proposes an appropriation for Henderson State University for the fiscal year ending June 30, 2025, detailing funding for personal services and operating expenses. It establishes a maximum number of regular employees, including various administrative and academic positions, with specified salary rates. The total amount appropriated for state operations is $22,640,844, which includes regular salaries, extra help, personal services matching, and maintenance and general operations. Additionally, the bill allocates $79,300,000 from cash funds for personal services and operating expenses, including capital improvements and debt service.
Furthermore, the bill includes provisions for the repayment of a loan received from the Budget Stabilization Trust Fund, requiring Henderson State University to make annual payments of $958,333.33 from December 2024 through December 2029. It emphasizes compliance with existing laws regarding fund disbursement and includes an emergency clause to ensure the act's effectiveness from July 1, 2024, to facilitate the university's operations without interruption. The bill also introduces new legal language regarding the maximum number of employees and specific positions, while no deletions from current law are noted.