HR1011

HR 1011 authorizes the introduction of legislation to amend the Arkansas Revenue Stabilization Law. The primary purpose of the resulting bill is to modify state fund structures, including the creation, repeal, and transfer of various funds and fund accounts. Specifically, it updates the funding sources and intended uses for 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. The bill aims to ensure these agencies have the necessary fiscal framework to support their operations for the upcoming fiscal year. It includes an emergency clause to ensure these provisions take effect on July 1, 2024, to prevent potential disruptions in state services.