SB68

Senate Bill 68 is a fiscal measure that reappropriates unspent capital improvement fund balances for various Arkansas public higher education institutions. The bill authorizes the carry-over of remaining appropriations from previous legislative acts (specifically Acts 231, 221, and 479 of 2023) into the 2024-2025 fiscal period. These funds are designated for specific projects, including construction, deferred maintenance, utility upgrades, technology improvements, equipment purchases, and the preservation of historic sites associated with several university systems. The institutions receiving these reappropriated funds include Arkansas State University, Arkansas Tech University, Henderson State University, Southern Arkansas University, and the University of Arkansas for Medical Sciences. The legislation ensures that previously approved capital projects can continue to receive funding without interruption. It does not authorize new taxes or spending but merely maintains the availability of existing appropriations.