SB223

This bill provides for the reappropriation of remaining capital improvement balances for various public institutions of higher education in Arkansas. It effectively carries over previously authorized funding from the 2022 fiscal year to the 2023-2024 fiscal year. The funding is designated for projects including construction, facility renovations, deferred maintenance, equipment procurement, and technology infrastructure upgrades. Specifically, the bill outlines these reappropriations for Arkansas State University, Arkansas Tech University, Henderson State University, Southern Arkansas University, the University of Arkansas for Medical Sciences, and the University of Arkansas. The appropriations are payable from several specific state funds, including the Development and Enhancement Fund and the Arkansas Natural and Cultural Resources Grant and Trust Fund. The bill does not authorize new taxes or new spending, but rather ensures that existing appropriations remain available for their originally intended capital projects.