This bill appropriates funds for the Department of Education - Division of Higher Education for the fiscal year ending June 30, 2026, with a total allocation of $4,549,053 for general operations and additional funding for specialized programs. It establishes a maximum of 52 regular employees and outlines specific positions and salary grades. Key appropriations include $5,000,000 for Arkansas Future Grants, $4,400,000 for the National Guard Tuition Assistance Program, and $71,550,000 for various scholarships. New funding initiatives introduced in the bill include $10,000,000 for the Graduate Medical Education Residency Expansion Board and $12,000,000 for the Arkansas Teacher Academy Scholarship Program, along with provisions for loans for sustainable building maintenance at state-supported institutions totaling $7,437,405.

Additionally, the bill, SB88, sets maximum salary rates for positions at the Northwest Technical Institute for the fiscal year 2025-2026, with a maximum employee count of 79 and provisions for 135 part-time or temporary employees. It appropriates $5,565,744 from the Northwest Technical Institute Fund and additional amounts from federal and cash funds, totaling $4,712,137 for cash funds. The bill includes special provisions for reallocating resources within higher education institutions, effective from July 1, 2025, through June 30, 2026, and incorporates an emergency clause for immediate implementation, emphasizing compliance with existing laws regarding fund disbursement.