SB330
An Act For The Department Of Education - Division Of Higher Education - Arkansas Baptist College - Cdl Training Program Appropriation For The 2023-2024 Fiscal Year.
Last Action (May 1, 2023): Sine Die adjournment
Sponsors
AI-Generated Summary
Senate Bill 330 authorizes an appropriation of $1,000,000 for the fiscal year ending June 30, 2024, to support the establishment and operation of a Commercial Driver's License (CDL) training program at Arkansas Baptist College. The bill directs the Chief Fiscal Officer of the State to transfer these funds from the General Revenue Allotment Reserve Fund to the Higher Education Grants Fund Account to facilitate this grant. The act mandates strict compliance with state procurement and fiscal control laws regarding the disbursement of these funds. Furthermore, the bill includes an emergency clause, allowing it to take effect on July 1, 2023, to ensure the program's timely operation. The legislation specifies that the funds are intended strictly for the development and running of the CDL program as presented in legislative budget materials.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are Arkansas Baptist College, which will receive the funding to launch the training program, and students who will gain access to specialized vocational training for commercial driving careers. Additionally, the state's labor market and the logistics and transportation industries in Arkansas may benefit from a larger pool of qualified, licensed commercial drivers.
Who Might Suffer?
The primary impact is on the state's General Revenue Allotment Reserve Fund, which will be reduced by $1,000,000. To the extent that these funds are finite, this represents an opportunity cost for other potential state projects or budgetary priorities that were not funded due to this appropriation.
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