HB1229

House Bill 1229 provides appropriations for personal services and operating expenses for the University of Arkansas and the University of Arkansas Division of Agriculture's Arkansas Biosciences Institutes for the fiscal year ending June 30, 2024. The funding is derived from the Arkansas Biosciences Institute Program Account of the Tobacco Settlement Program Fund. The bill allocates specific amounts for regular salaries, personal services matching, and maintenance and general operations, including capital outlay. It also includes special language regarding transfer restrictions between line items, requiring oversight by the Legislative Council or Joint Budget Committee. Furthermore, the bill specifies that funding is subject to the availability of Tobacco Settlement funds and includes an emergency clause for an effective date of July 1, 2023.