HB1113

House Bill 1113 provides legislative appropriations for the Office of the Treasurer of State to cover debt service payments for the 2025-2026 fiscal year. Specifically, it allocates funds for College Savings and Higher Education General Obligation Bonds, as well as State Water, Waste Disposal, and Pollution Abatement General Obligation Bonds. The bill appropriates $42 million for college savings and higher education obligations and $43 million for water and waste disposal obligations. It includes provisions allowing for the transfer of funds between refund/reimbursement line items and debt service line items if initial appropriations are insufficient. The bill mandates strict compliance with Arkansas fiscal control laws and procurement regulations. Additionally, it contains an emergency clause to ensure the appropriations are in effect by the start of the fiscal year on July 1, 2025.