The bill aims to reappropriate remaining balances of capital improvement funds for various higher education institutions in Arkansas, effective July 1, 2024. It specifies funding allocations for projects at colleges and universities, including Arkansas Northeastern College, Arkansas State University campuses, and Black River Technical College, among others. The funding is designated for construction, renovations, technology upgrades, critical maintenance, and equipment replacement, with each project having specified maximum amounts. The reappropriations are based on previous appropriations made in Act 154 of 2023, ensuring effective utilization of the funds for their intended purposes.

In addition to the reappropriations, the bill allocates a total of $857,705 for the acquisition and preservation of state-owned lands and historic sites, with specific allocations for the University of Arkansas Community College at Rich Mountain and the University of Arkansas - Pulaski Technical College. The latter will receive over $4 million for various projects, including essential repairs and new construction. The bill also establishes disbursement controls to ensure compliance with state laws and includes an emergency clause, emphasizing the urgency of the Act's effectiveness to maintain essential governmental programs and safeguard public health and safety.