HB2003

House Bill 2003 aims to amend the Arkansas Revenue Stabilization Law to establish the state's budget allocations for the 2025-2026 fiscal year and thereafter. It mandates the Treasurer of State to transfer remaining general revenues to various state funds and accounts based on specific maximum allocation amounts provided in the text. The bill lists detailed funding distributions for public education, higher education institutions, the Department of Human Services, public safety, and other government agencies. It also includes a provision to resolve potential conflicts with other legislation passed during the same session regarding the Revenue Stabilization Law. Finally, the bill declares an emergency, ensuring it becomes effective on July 1, 2025, to prevent any interruption in government services at the start of the new fiscal year.