This bill appropriates funds for personal services and operating expenses for the University of Arkansas and the Division of Agriculture - Arkansas Biosciences Institute for the fiscal year ending June 30, 2027. The total amount appropriated for the Arkansas Biosciences Institute is $2,375,563, which includes regular salaries, personal services matching, and various operational expenses. Similarly, the Division of Agriculture is allocated $2,415,432 for similar purposes. The appropriations are to be paid from the Arkansas Biosciences Institute Program Account of the Tobacco Settlement Program Fund.
Additionally, the bill includes provisions that restrict the transfer of appropriations and outlines the conditions under which the state-supported institution may transfer funds between line items. It emphasizes that the appropriations are contingent upon the availability of Tobacco Settlement funds and includes a disclosure requirement for employees funded by these proceeds. An emergency clause is also included, stating that the act must take effect on July 1, 2026, to ensure the timely operation of the agency. The bill modifies the effective dates from 2025 to 2026 in several sections to align with this timeline.