SR2

Senate Resolution 2 authorizes the introduction of a legislative bill designed to amend Arkansas's Revenue Stabilization Law. The primary purpose of this proposed legislation is to manage state funds by creating new funds, repealing existing ones, and facilitating transfers between various fund accounts. Specific sections amend the statutes governing the Arkansas River Navigation System Fund, the Public Health Fund, the Division of Arkansas State Police Fund, and the State Highway and Transportation Department Fund. These updates clarify the sources of revenue and the specific administrative or operational purposes for which these funds may be utilized. The bill includes an emergency clause to ensure these fiscal adjustments take effect by July 1, 2024, the start of the next fiscal year, to prevent any interruption in essential state services.