HB1833

House Bill 1833 amends the Arkansas Revenue Stabilization Law to adjust the state's budget and fund allocation structure for the 2023-2024 fiscal year and beyond. The bill repeals several specific fund accounts that are deemed obsolete, including the Higher Education Institutions Performance Fund, the Riverside Vocational Technical School Fund Account, and the School-Age Children Eye and Vision Care Fund. It directs the transfer of remaining funds from the repealed School-Age Children Eye and Vision Care Fund to the Division of Elementary and Secondary Education Public School Fund Account for school-based health centers. Furthermore, the act establishes updated maximum revenue allocations for a wide variety of state funds, including public education, human services, higher education institutions, and various government agencies. By declaring an emergency, the bill is intended to take effect immediately upon enactment to facilitate the state's fiscal operations. The legislation provides the specific dollar amounts that state agencies and institutions are authorized to receive from general revenues.