SB569

Senate Bill 569 is a budgetary act that amends the Arkansas Revenue Stabilization Law to adjust the state's fiscal allocations for the 2023-2024 fiscal year and thereafter. 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 It also provides for the transfer of remaining funds from the repealed School-Age Children Eye and Vision Care Fund to the Division of Elementary and Secondary Education Public School Fund Account for use by school-based health centers. The bill establishes comprehensive maximum allocation schedules for state revenues across various agencies, including public education, human services, higher education institutions, and other state departments. It sets a specific total revenue cap for the initial allocation (Allocation A) and provides a secondary allocation structure (Allocation B). The bill also includes an emergency clause, allowing it to take effect immediately upon enactment.