HB1022

House Bill 1022 of the 2024 Fiscal Session provides appropriations for the personal services and operating expenses of the University of Arkansas and the University of Arkansas Division of Agriculture - Arkansas Biosciences Institutes. The bill authorizes funding for the fiscal year ending June 30, 2025, to be sourced from the Arkansas Biosciences Institute Program Account of the Tobacco Settlement Program Fund. It allocates approximately $2.37 million to the University of Arkansas and $2.41 million to the Division of Agriculture for operational costs, salaries, and capital outlays. The legislation includes specific provisions allowing for budget flexibility through transfers between line items, subject to legislative oversight and approval. Additionally, the bill mandates that employees paid through these funds are notified that their positions are contingent upon the availability of Tobacco Settlement funds. It also includes an emergency clause to ensure the appropriations take effect by the start of the fiscal year on July 1, 2024.