The bill proposes the reappropriation of capital improvement funds for various institutions of higher education in Arkansas, effective July 1, 2025. It allocates specific funding amounts for Arkansas State University, Arkansas Tech University, Henderson State University, Southern Arkansas University, the University of Arkansas for Medical Sciences, and the University of Arkansas. The funds are designated for purposes such as construction, renovation, maintenance, and critical and deferred maintenance, with detailed allocations for each institution. Additionally, the bill includes provisions for the acquisition and management of state-owned lands and historic sites, with funding sourced from the Arkansas Natural and Cultural Resources Grant and Trust Fund.

Furthermore, the bill emphasizes compliance with state regulations regarding the disbursement of funds, ensuring that no contracts exceed available State Treasury funds. Institutions are allowed to accept grants and donations to supplement state funding for their projects. An emergency clause is included, stating the necessity for the act to take effect on July 1, 2025, to prevent significant harm to essential governmental programs. The bill aims to enhance educational facilities while ensuring fiscal responsibility and adherence to existing laws governing state expenditures.