HB1052

House Bill 1052 is a budgetary act that appropriates $8,300,000 for the operating, research, and development expenses of the Arkansas Soybean Promotion Board for the fiscal year ending June 30, 2024. The total appropriation consists of $60,500 for maintenance and general operations, $2,000 for professional fees, and $8,237,500 specifically allocated for research and development. The bill mandates that the disbursement of these funds must comply with state fiscal control laws, procurement regulations, and budgetary procedures. It further specifies that the intent of the legislature is for the funds to be used in accordance with agency requests and official legislative documentation. Additionally, the bill includes an emergency clause, allowing the act to take effect on July 1, 2023, to ensure the continuous operation of the agency.