The bill amends the Revenue Stabilization Law in Arkansas, focusing on the creation and repeal of various funds, as well as the transfer of funds to and from specific accounts. Notable changes include the establishment of the Arkansas River Navigation System Fund, which will be utilized by the Arkansas Waterways Commission for enhancing river transportation resources. Additionally, the Public Health Fund will now include the Secretary of the State Board of Health and the State Health Officer, while removing references to the State Cancer Commission. The bill also outlines the allocation of general revenues for the fiscal year 2024-2025 and beyond, detailing the maximum allocations for various funds, including education and public health.

Furthermore, the bill introduces an emergency clause, stating that the changes must take effect at the beginning of the fiscal year on July 1, 2024, to ensure the continuity of essential state services. It also addresses potential conflicts with other legislation by stipulating that if both this bill and another specified bill are enacted in identical form, the last one passed will take precedence. Overall, the bill aims to streamline the management of state funds and ensure the effective allocation of resources to critical services.

Statutes affected:
Old version HB1097 V2 - 4-30-2024 02:41 PM: 19-5-1264, 26-26-1616(d), 04-30-2024, 19-5-307, 20-7-102, 25-9-101, 19-6-301(41), 19-6-301(58), 26-57-407, 20-27-2501, 19-6-404, 19-6-301(1), 12-8-106, 12-8-601, 19-6-405(2)
HB 1097: 19-5-1264, 26-26-1616(d), 04-30-2024, 19-5-307, 20-7-102, 25-9-101, 19-6-301(41), 19-6-301(58), 26-57-407, 20-27-2501, 19-6-404, 19-6-301(1), 12-8-106, 12-8-601, 19-6-405(2)
Act 156: 19-5-1264, 26-26-1616(d), 04-30-2024, 19-5-307, 20-7-102, 25-9-101, 19-6-301(41), 19-6-301(58), 26-57-407, 20-27-2501, 19-6-404, 19-6-301(1), 12-8-106, 12-8-601, 19-6-405(2)