This bill appropriates funds for the Department of Education - Division of Higher Education for the fiscal year ending June 30, 2025, establishing a maximum of 54 regular employees and allowing for 15 part-time or temporary "Extra Help" employees. It allocates a total of $4,274,863 for general operations, which includes salaries and operational expenses. Additionally, the bill provides significant funding for various scholarship programs and initiatives, including $5 million for Arkansas Future Grants, $25 million for Academic Challenge Scholarships, and $10 million for the Graduate Medical Education Residency Expansion Board, reflecting a comprehensive investment in higher education in Arkansas.

Furthermore, the bill appropriates $12,000,000 for the Sustainable Building Maintenance Program for state-supported institutions, with specific allocations for loans addressing maintenance and renovations. It establishes a maximum of 81 regular employees and allows for 135 part-time or temporary employees at the Northwest Technical Institute, with a total of $6,128,305 allocated from state funds. The bill also includes provisions for resource reallocation within higher education institutions, compliance requirements for fund disbursement, and an emergency clause for the act to take effect on July 1, 2024, to ensure uninterrupted operations.