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 and fund accounts. Key amendments include the establishment of the Arkansas River Navigation System Fund, which will be utilized by the Arkansas Waterways Commission for river transportation improvements. 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 modifies the Division of Arkansas State Police Fund and the State Highway and Transportation Department Fund to adjust the special revenues included.

Furthermore, the bill outlines the allocation of general revenues for the fiscal year 2024-2025 and beyond, specifying the maximum allocations for various funds, including education and public health. It includes an emergency clause, stating that the changes must take effect on July 1, 2024, to ensure the continuity of essential state services. The bill also addresses potential conflicts with other legislation by establishing that if two identical acts are passed, the last one enacted will take precedence.

Statutes affected:
Old version SB80 V2 - 4-30-2024 03:13 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)
SB 80: 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 175: 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)