HB1054

House Bill 1054 serves as the annual appropriation act for Ozarka College for the fiscal year ending June 30, 2025. The bill establishes the maximum number of regular and part-time employee positions allowed for the institution and sets salary rate caps for these roles. It provides funding for regular salaries, personal services, and operating expenses through state-funded appropriations. Additionally, the bill authorizes the expenditure of cash funds for various institutional needs, including capital improvements, debt service, and promotional items. The legislation ensures the college has the necessary fiscal authority to maintain operations for the upcoming fiscal year. It mandates compliance with existing state procurement and budgetary laws. Finally, the bill includes an emergency clause to ensure its provisions take effect on July 1, 2024, to prevent interruptions in college operations.