SB67
An Act For The University Of Arkansas For Medical Sciences Appropriation For The 2022-2023 Fiscal Year.
Last Action (May 1, 2023): Sine Die adjournment
Sponsors
AI-Generated Summary
Senate Bill 67 authorizes a $4,000,000 appropriation for the University of Arkansas for Medical Sciences (UAMS) for the 2022-2023 fiscal year. The funding is designated to reimburse costs incurred from hospital reclassification, a process intended to increase residency program funding provided by the Centers for Medicare and Medicaid Services (CMS). The bill mandates a transfer of $4,000,000 from the General Revenue Allotment Reserve Fund to a cash fund to support this objective. It requires strict adherence to state fiscal control laws and procurement regulations in the disbursement of these funds. Finally, the bill includes an emergency clause, enabling it to take effect immediately upon passage to ensure the continued provision of essential governmental services by UAMS.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiary is the University of Arkansas for Medical Sciences (UAMS), which receives the funding to cover its operational costs related to hospital reclassification. Additionally, medical students and residents participating in UAMS programs benefit from the anticipated increase in federal residency funding, which supports medical training and education infrastructure.
Who Might Suffer?
The primary entity negatively impacted is the General Revenue Allotment Reserve Fund, which loses $4,000,000 in available resources that could have been allocated to other state programs or reserves. Taxpayers may also be considered to have a secondary, indirect impact, as the state's reserve funds are depleted to cover these specific expenses.
Get Notified
Receive an email when this bill's status changes.