SR1

This bill, introduced via Senate Resolution, authorizes technical and administrative amendments to the Arkansas Revenue Stabilization Law. Its primary purpose is to modify, create, and repeal specific state funds and fund accounts to ensure efficient fiscal management. Key actions include updating the composition and usage of 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. By adjusting these fund definitions and revenue sources, the bill seeks to maintain the operational continuity of essential state agencies and services. The act includes an emergency clause, declaring that its provisions must take effect on July 1, 2024, to coincide with the start of the new fiscal year and prevent any lapse in government services.