Bill > SB637

This bill amends the Revenue Stabilization Law to establish detailed allocations of state revenues for the fiscal year 2025-2026 and subsequent years. The bill provides a comprehensive breakdown of how general revenues will be distributed across various state funds and fund accounts, including allocations for public schools, education funds, human services, state general government, county aid, public health, and higher education institutions. The Treasurer of State is mandated to transfer remaining general revenues on the last day of business in July 2025 and each subsequent calendar month, distributing funds proportionally based on maximum allocation percentages. The bill also includes a provision addressing potential duplicate legislative acts, ensuring that if similar bills are passed, the last enacted version will take precedence. Additionally, an emergency clause is included, declaring the act necessary for maintaining critical state services and setting its effective date as July 1, 2025. The total allocation amount specified in the bill is six billion four hundred ninety-three million nine hundred ninety-eight thousand nine hundred eighty-one dollars ($6,493,998,981), with detailed line-item allocations for dozens of specific state funds and institutional accounts.

Budget and Finance

https://arkleg.state.ar.us/Bills/Detail?id=sb637&ddBienniumSession=2025%2F2025R