Bill > HB2003

This bill amends the Revenue Stabilization Law to update the allocation of state revenues for the fiscal year beginning July 1, 2025, and subsequent years. The bill provides detailed instructions for the State Treasurer to transfer remaining general revenues to various funds and fund accounts on the last day of business in July 2025 and each subsequent calendar month. It includes a comprehensive table that specifies maximum allocation amounts for numerous state funds and accounts, covering areas such as public schools, human services, state government, higher education institutions, and various specialized funds. The bill includes a provision addressing potential duplicate acts from the House and Senate, ensuring that if similar bills are passed, the last or latest version will take precedence. Additionally, the bill includes an emergency clause declaring the necessity of the act taking effect on July 1, 2025, to prevent any interruption in critical state services. The emergency declaration emphasizes the importance of maintaining continuous government operations and support for citizens at the beginning of the new fiscal year.

Budget and Finance

Joint Budget Committee (J)

https://arkleg.state.ar.us/Bills/Detail?id=hb2003&ddBienniumSession=2025%2F2025R